KULR Technology Group Acquires 100 BTC

KULR Technology Group has acquired another 100 BTC for approximately $10.4 million at an average price of $103,905 per bitcoin, inclusive of fees and expenses, according to an 8-K filing with the Securities and Exchange Commission on Tuesday.

The company now holds a total of 610.3 BTC, worth nearly $60 million at current prices, acquired at an average price of $98,312 per bitcoin, according to KULR CEO Michael Mo.

These latest acquisitions align with KULR’s bitcoin treasury strategy announced on December 4, 2024, committing up to 90% of its surplus cash reserves to be held in bitcoin, the firm said in a statement.

KULR specializes in thermal management solutions aimed at improving the safety and efficiency of energy storage systems, particularly for lithium-ion batteries. It is among an increasing number of firms looking to emulate Strategy’s (formerly MicroStrategy) bitcoin acquisition playbook, alongside Semler Scientific, Metaplanet, and Japanese game maker Gumi, among others.

Like those firms, KULR utilizes a key performance indicator known as BTC Yield to evaluate the effectiveness of its bitcoin acquisition strategy in driving shareholder value. BTC Yield represents the percentage change period-to-period in the ratio between KULR’s bitcoin holdings and its assumed diluted shares outstanding. Year-to-date, KULR claims to have achieved a BTC Yield of 167.3%, leveraging a combination of surplus cash and its at-the-market equity program to fund purchases.

KULR’s stock closed up more than 28% on Monday and is currently up 0.4% in pre-market trading on Tuesday, according to TradingView.


On Monday, Strategy resumed its bitcoin buying spree after a single week’s pause, announcing it had acquired an additional 7,633 BTC for approximately $742.4 million at an average price of $97,255 per bitcoin between February 3 and February 9.

The company now holds 478,740 BTC, worth over $46 billion, having acquired more than $20 billion worth in its prior 12-week acquisition streak alone.