KULR Technology Group Inc. (NYSE American: KULR) announced on Feb. 11 that it has expanded its bitcoin holdings to 610.3 BTC following an additional $10 million investment. The company’s latest purchases bring its total bitcoin acquisitions to approximately $60 million. The announcement states:

The additional purchases were made at a weighted average price of $103,905 per bitcoin, inclusive of fees and expenses. The company now holds 610.3 BTC.

This move is part of KULR’s broader financial strategy, which integrates bitcoin as a primary asset in its treasury.

KULR reiterated that this investment follows its Bitcoin Treasury Strategy, first introduced on Dec. 4, 2024, stating: “This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in bitcoin.”

The company has reported a BTC Yield of 167.3% year-to-date, a key performance indicator that tracks the percentage change in the ratio of bitcoin holdings to its fully diluted shares outstanding. KULR funds these acquisitions through a combination of surplus cash and its At-The-Market (ATM) equity program.

KULR Technology joins a growing list of companies incorporating bitcoin into their corporate treasuries. Leading this trend, Microstrategy, recently rebranded as Strategy, has significantly increased its bitcoin holdings, now owning 478,740 BTC valued at around $31.1 billion. Following suit, Japanese firm Metaplanet has accumulated 1,762 BTC, with plans to reach 21,000 BTC by the end of 2026. In the United States, multiple states are considering legislation to establish strategic bitcoin reserves, viewing the cryptocurrency as a hedge against inflation and economic uncertainty.

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