KULR Technology Group, Inc. has announced a $9 million expansion of its Bitcoin Treasury, increasing total acquisitions to $78 million, and bringing its Bitcoin holdings to 800.3 BTC. Following a strategy to allocate 90% of surplus cash to Bitcoin, the company reports a year-to-date BTC Yield of 220.2%. Financials for Q1 2025 show a revenue increase to $2.45 million, though the company faces rising operating expenses and a net loss of $18.81 million. CEO Michael Mo emphasizes KULR's strong financial position and strategy to establish itself as a leader in Bitcoin treasury management.
2025 is a transformational year for KULR and the transformation is well on its way," commented KULR CEO Michael Mo. "With over $100M in cash and Bitcoin holdings on our balance sheet as of the present day and virtually no debt, we are well capitalized to grow our battery and AI Robotics businesses, while our capital market activities in the foreseeable future are geared to turbocharge our Bitcoin acquisition strategy, establishing KULR as a pioneer BTC-First Bitcoin Treasury Company.
The latest purchase was made at a weighted average price of $103,234 per bitcoin, bringing the company's total holdings to 800.3 BTC.
#kulr-technology-group #bitcoin-treasury #financial-performance #cryptocurrency-investments #ceo-insights
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