KULR Technology Increases Bitcoin Holdings to Over 600 Million

According to PANews, KULR Technology, a company listed on the New York Stock Exchange, has expanded its Bitcoin holdings to 610.3 BTC. The company announced that it purchased additional Bitcoin worth approximately $10 million at an average price of $103,905 per Bitcoin, bringing its total Bitcoin reserves to around $60 million. This move aligns with KULR's financial strategy announced in December 2024, which involves allocating up to 90% of its remaining cash reserves to Bitcoin. The company reported a year-to-date Bitcoin yield of 167.3%, funding the acquisition through remaining cash and its at-the-market (ATM) stock issuance program. Following a 28% rise in KULR's stock on Monday, pre-market trading saw a nearly 2% decline.