KULR Technology joins the "Bitcoin for Corporations" initiative, enhancing Bitcoin treasury strategy with $91 million in Bitcoin holdings.
Quiver AI Summary
KULR Technology Group, Inc. has announced its membership in the "Bitcoin for Corporations" initiative, which aims to promote the institutional adoption of Bitcoin among publicly traded companies. This initiative provides tools and networks to help companies responsibly manage Bitcoin holdings as part of their treasury strategies. As part of its broader objectives, KULR aims to expand its Bitcoin treasury, having recently increased its holdings by $13 million, bringing its total to $91 million. CEO Michael Mo emphasized the company's strong belief in Bitcoin's value as a long-term asset. KULR now holds 920 BTC and has generated a significant yield on its Bitcoin investments this year. The company, recognized for its advanced energy storage solutions, continues to prioritize Bitcoin in its financial strategies.
Potential Positives
- KULR Technology Group has joined the "Bitcoin for Corporations" initiative, aligning itself with a prominent platform to accelerate Bitcoin's institutional adoption.
- The company increased its Bitcoin treasury by an additional $13 million, bringing its total holdings to $91 million, indicating a strong commitment to Bitcoin as a long-term reserve asset.
- KULR reported a significant BTC Yield of 260% year to date, showcasing effective management of its Bitcoin acquisitions.
Potential Negatives
- The announcement highlights KULR's significant reliance on Bitcoin, with up to 90% of cash allocated to its Bitcoin treasury, which could pose financial risks if Bitcoin's value fluctuates negatively.
- The company's acquisition of Bitcoin at a weighted average price of $107,861 may raise concerns about overvaluation, especially given the current market volatility surrounding cryptocurrencies.
- KULR's forward-looking statements include potential risks and uncertainties, suggesting that actual results may differ significantly from management's expectations, which could undermine investor confidence.
FAQ
What is the Bitcoin for Corporations initiative?
The Bitcoin for Corporations initiative is a platform designed to accelerate Bitcoin's institutional adoption among publicly traded companies.
How much Bitcoin does KULR currently hold?
KULR currently holds 920 BTC, with an average purchase price of $98,760 per bitcoin.
What recent acquisition did KULR announce?
KULR announced an increase in its Bitcoin Treasury by an additional $13 million, bringing its total to $91 million.
What is KULR's strategy regarding Bitcoin?
KULR's strategy includes allocating up to 90% of its cash to acquire Bitcoin as a long-term reserve asset.
Who commented on KULR's participation in BFC?
Michael Mo, the CEO of KULR, commented on the company's commitment to the Bitcoin for Corporations initiative.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KULR Hedge Fund Activity
We have seen 71 institutional investors add shares of $KULR stock to their portfolio, and 33 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,524,032 shares (+611.5%) to their portfolio in Q1 2025, for an estimated $2,011,722
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 996,197 shares (+161.3%) to their portfolio in Q1 2025, for an estimated $1,314,980
- MARSHALL WACE, LLP added 773,787 shares (+1391.7%) to their portfolio in Q1 2025, for an estimated $1,021,398
- SQUAREPOINT OPS LLC added 698,598 shares (+3610.5%) to their portfolio in Q1 2025, for an estimated $922,149
- CETERA INVESTMENT ADVISERS added 563,549 shares (+inf%) to their portfolio in Q1 2025, for an estimated $743,884
- ENZI WEALTH removed 500,000 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,775,000
- PEAK6 LLC added 440,400 shares (+inf%) to their portfolio in Q1 2025, for an estimated $581,328
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HOUSTON, June 09, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, is pleased to announce that it has joined the " Bitcoin for Corporations " (“BFC”) initiative, a prominent platform launched by Strategy™ and Bitcoin Magazine focused on accelerating Bitcoin’s institutional adoption.
This high-profile initiative is designed to assist publicly traded companies in integrating Bitcoin into their corporate treasury strategies. Through the program, participating organizations gain access to institutional-grade tools, frameworks, and peer networks that support the responsible management and expansion of Bitcoin holdings. KULR’s participation as an Executive Member supports its broader strategy to expand its Bitcoin treasury and align with a growing network of forward-looking corporations adopting Bitcoin as a long-term reserve asset.
Michael Mo, CEO of KULR, commented, “Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset. As KULR continues to scale its Bitcoin treasury, we welcome the chance to align with other institutions pioneering this shift in corporate treasury management.”
The announcement of KULR’s membership in BFC coincides with news the Company increased its Bitcoin Treasury by an additional $13 million to reach a total of $91 million in bitcoin acquisitions. The additional bitcoin was acquired at a weighted average price of $107,861 per bitcoin, inclusive of fees and expenses. The Company now holds 920 BTC with an average purchase price of $98,760.
Year to date, KULR has achieved a BTC Yield of 260%, leveraging a combination of cash and its At-The-Market (ATM) equity program to fund acquisitions.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its cash to the acquisition of bitcoin.
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Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email:
[email protected]
KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email:
[email protected]
