KULR Technology buys $5M in Bitcoin, raising total holdings to 668 BTC

March 25, 2025 08:51 AM PDT | By Invezz

KULR Technology buys $5M in Bitcoin, raising total holdings to 668 BTC — Image source: Invezz

KULR joins growing corporate Bitcoin adopters

KULR, a company specializing in thermal management solutions for lithium-ion battery safety and efficiency, is following a growing trend of corporate Bitcoin accumulation.

The firm joins companies such as Semler Scientific, Metaplanet, and Japanese game developer Gumi in adopting a Bitcoin treasury strategy inspired by Strategy, formerly known as MicroStrategy.

To measure the effectiveness of its Bitcoin acquisition approach, KULR uses BTC Yield, a metric that tracks the percentage change in the ratio between the company’s Bitcoin holdings and its assumed diluted shares outstanding.

Year-to-date, KULR has achieved a BTC Yield of 181.1%, leveraging a combination of surplus cash and its at-the-market equity program to fund its purchases.

Despite its Bitcoin accumulation strategy, KULR’s stock has experienced volatility.

Shares rose 2.1% in early Tuesday trading but have declined 55% year-to-date.

However, the company’s stock remains up more than 618% over the past year, reflecting investor interest in its Bitcoin strategy and core business.

Strategy surpasses 500,000 BTC in holdings

Meanwhile, Strategy, the leading corporate Bitcoin holder, announced on Monday that it had exceeded 500,000 BTC in total holdings.

The milestone follows the company’s recent purchase of 6,911 BTC for approximately $584.1 million at an average price of $84,529 per Bitcoin.

Strategy now holds 506,137 BTC, worth over $44 billion.

The firm’s total investment in Bitcoin, led by co-founder and executive chairman Michael Saylor, was made at an average price of $66,608 per Bitcoin, with a total cost of around $33.7 billion, including fees and expenses.

With this latest acquisition, Strategy holds roughly 2.4% of Bitcoin’s finite 21 million supply, further solidifying its position as the largest corporate Bitcoin holder.

The company continues to use proceeds from stock sales, including its class A common stock and perpetual strike preferred stock, to fund its ongoing Bitcoin purchases.

The post KULR Technology buys $5M in Bitcoin, raising total holdings to 668 BTC appeared first on Invezz

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