KULR Technology Group (NYSE: KULR) has expanded its Bitcoin holdings to $101 million after acquiring an additional $10 million in BTC. The latest purchase, made at an average price of $108,884 per Bitcoin, brings the company’s total holdings to 1,021 BTC. This move is part of KULR’s broader treasury strategy, launched in December 2024, which allocates up to 90% of its surplus cash reserves to Bitcoin.
CEO Michael Mo reaffirmed the company’s long-term view on Bitcoin, noting that it has outperformed all major asset classes in 11 of the past 14 years. KULR’s approach reflects a growing trend among tech-forward companies using Bitcoin not just as a hedge, but as a core asset in treasury management.
KULR Reports 291% BTC Yield Year-to-Date
KULR’s Bitcoin strategy has already delivered strong returns. The company reports a year-to-date BTC yield of 291.2%, with 633 BTC added through a combination of strategic purchases and mining rewards. These gains, now worth over $70 million, demonstrate the upside potential of blending crypto assets into a diversified corporate treasury.
KULR’s net asset value multiple (mNAV) has reached 2.24, indicating robust asset growth. This financial momentum is being fueled by a mix of surplus cash deployment, a credit facility with Coinbase, and the company’s active ATM (at-the-market) equity program. Unlike some corporate players, KULR has set no upper limit on its Bitcoin holdings, suggesting long-term confidence in digital asset appreciation.
Mining Capacity Hits 750 PH/s with Paraguay Deployment
In parallel with its treasury expansion, KULR is scaling its Bitcoin mining infrastructure. The company has deployed 3,570 Bitmain S19 XP 140T miners in Paraguay, increasing its total mining capacity to 750 petahashes per second (PH/s). KULR aims to reach 1.25 exahashes per second (EH/s) by late summer 2025.
This mining expansion supports KULR’s ability to self-generate Bitcoin, reducing reliance on market purchases and enhancing control over its digital asset accumulation. With energy-efficient infrastructure and strategic international partnerships, KULR is building a vertically integrated Bitcoin operation that spans both financial and technical domains.
