KULR Expertise Group deepened its dedication to Bitcoin by becoming a member of the “Bitcoin for Firms” initiative and including 118 BTC to its rising treasury.
The Houston-based vitality storage firm now holds a complete of 920 BTC, acquired for about $91 million at a mean buy value of $98,760 per coin, in keeping with a word shared with crypto.information
The BFC initiative, led by Technique and Bitcoin Journal, goals to assist public firms combine Bitcoin (BTC) into their company treasuries by providing institutional instruments and peer help.
KULR has just lately acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR pic.twitter.com/3S8G91UYrV
— Michael Mo (@michaelmokulr) June 9, 2025
As an Government Member, KULR aligns itself with different firms utilizing Bitcoin as a long-term reserve asset.
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Bitcoin as a retailer of long-term worth
CEO Michael Mo reaffirmed the corporate’s perception in Bitcoin’s long-term worth, stating that KULR’s participation in BFC displays a strategic method to company treasury administration. Since designating Bitcoin as a core treasury asset in late 2024, KULR has dedicated to allocating as much as 90% of its surplus money towards Bitcoin acquisitions.
On this newest transfer, KULR spent $13 million on its most up-to-date Bitcoin buy, paying a mean of $107,861 per BTC.
12 months-to-date, the corporate has realized a BTC yield of 260%, using a mixture of money reserves and its At-The-Market fairness program to fund acquisitions.
We’re excited to welcome @KULRTech as an Government Member of Bitcoin For Firms!
KULR Expertise Group (NYSE: KULR), a Bitcoin First Firm, has joined the @BitcoinForCorps initiative to combine #Bitcoin into its treasury technique. With 920 BTC now held, KULR… pic.twitter.com/VuDZU71oA2
— Bitcoin For Firms (@BitcoinForCorps) June 9, 2025
This strategic accumulation locations KULR amongst a rising record of corporations turning to Bitcoin as an inflation hedge and long-term asset. The corporate’s inventory at present trades at $1.20 per share.
KULR makes a speciality of vitality storage options for aerospace, protection, and house industries.
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