TL;DR
- KULR raised its Bitcoin investment to $78 million after acquiring an additional $9 million at an average price of $103,234 per unit.
- The company’s BTC Yield stands at 220.2% in 2025, an internal metric that tracks the ratio between its BTC holdings and diluted shares.
- Since December 2024, it has allocated up to 90% of its surplus cash to BTC, aiming to hedge against liquidity risks and capitalize on its appreciation.
KULR Technology Group expanded its Bitcoin reserves considerably. The company announced the acquisition of an additional $9 million in BTC, bringing its total investment to $78 million and its position to 800.3 BTC.
The purchase was made at an average price of $103,234 per bitcoin, including fees and expenses. This move aligns with the strategy the company outlined in December 2024, committing up to 90% of its excess cash to acquiring BTC as a treasury reserve asset.
$KULR has acquired 83.3 BTC for ~ 9 million To learn more about our acquistion and our Bitcoin Treasury Strategy, check out today's press release.https://t.co/vuQk90DCgh pic.twitter.com/KrW3E4e700
— KULR Technology (@KULRTech) May 20, 2025
KULR Allocates Almost All Surplus Funds to Bitcoin
The most tangible outcome of this strategy is the BTC Yield metric the firm uses as an internal performance indicator. So far in 2025, this figure has reached 220.2%. It reflects the percentage change in the ratio between KULR’s bitcoin holdings and its assumed fully diluted share count, offering a way for the company to measure how these purchases potentially affect shareholder value.
However, the company clarified that BTC Yield is not an operating performance metric, nor does it reflect liquidity or the overall financial position. It warned that its stock price depends on multiple factors and advised considering this metric only as a complement to its official financial reporting.
How Are These Purchases Financed?
To fund the acquisitions, KULR combines surplus cash resources with its At-The-Market (ATM) equity offering program. The company has relied on this mechanism since late 2024, when its board of directors agreed to include BTC as a strategic treasury asset. The goal is to benefit from its appreciation and hedge against potential liquidity issues in fiat currency.
KULR specializes in developing energy storage solutions for aerospace, defense, and space systems. Its offering integrates battery design, advanced testing, and specialized manufacturing, enabling the delivery of products at lower costs and in shorter timeframes compared to traditional programs.
The company emphasized that its BTC acquisition plan does not represent a securities offering or an invitation to invest in its shares. It also reminded that all data and forecasts are subject to change, and future results may differ from current expectations
