KULR Technology Buys Additional $10M in Bitcoin, Holdings Now Exceed 1,000 BTC

KULR Technology Group has acquired an additional 90 BTC for around $10 million. The average purchase price was $108,884 per bitcoin, including fees and expenses, according to an SEC filing on Thursday.

KULR has acquired 90 BTC for ~ 10 million at ~ $108,884 per #bitcoin and has achieved BTC Yield of 291% YTD. As of 7/9/25, we hodl 1021 $BTC acquired for ~ $101 million at ~ $98,627 per bitcoin. $KULR pic.twitter.com/aXyB0AABsr

— Michael Mo (@michaelmokulr) July 10, 2025

With this latest acquisition, KULR now holds a total of 1,021 BTC. At current prices, the stash is valued at approximately $113 million.

KULR Deepens Bitcoin Bet

KULR has spent about $101 million in total to build its bitcoin treasury, resulting in an unrealized gain of roughly $12 million at current market value. The company began this strategy in December, using a mix of excess cash, a Coinbase-backed credit line, and a $300 million equity program to fund purchases.

As part of this strategy, on July 8, the firm drew $8 million from its $20 million credit facility with Coinbase Credit, Inc. The loan is secured by 166 BTC and carries an 8% fee.

While expanding its bitcoin holdings, KULR continues to focus on its core business. The company specializes in thermal management technologies for energy storage systems, with solutions that enhance the safety and performance of lithium-ion batteries.

KULR Reports 291% BTC Yield

With over 1,000 BTC, KULR now ranks 31st among the 138 public companies holding bitcoin. It joins firms like Semler Scientific and Metaplanet in adopting a similar corporate treasury strategy.

Meanwhile, to assess the effectiveness of this approach, KULR uses a proprietary metric called BTC Yield. This figure measures the change in the ratio of bitcoin holdings to the company’s diluted shares.

Notably, the company reported a BTC yield of 291.2% so far in 2025, calling it a key indicator of how its bitcoin strategy enhances shareholder value. KULR shares currently trade at $6.46, up 0.16% over the past 24 hours.

Stock Split and Crypto Push

In a related move, KULR announced a 1-for-8 reverse stock split effective June 23, reducing its outstanding shares from 300 million to under 40 million. The company said the split aims to improve trading dynamics and attract institutional interest, especially as it prepares to join the Russell 3000 Index.

Alongside these capital market initiatives, KULR is also expanding its bitcoin treasury. Earlier, the company revealed plans to increase its holdings by $13 million through the “Bitcoin for Corporations” program.