Today, Kulr Technology Group, Inc. (NYSE American: Kulr) announced a $9 million expansion for the Bitcoin Treasury, bringing its total acquisition to $78 million. The latest purchase was made at a weighted average price of $103,234 per Bitcoin, bringing the company’s total holdings to 800.3 BTC.
$kulr gets 83.3 btc for ~9 million and check out today’s press release to learn more about acquisition and Bitcoin’s financial strategy.
– Kulr Technology (@kulrtech) May 20, 2025
The move follows Kruru’s December 2024 strategy, which allocates up to 90% of the surplus cash reserve to Bitcoin. The company reports a BTC yield of 220.2% year by year. This is a unique performance metric that reflects the growth of BTC holdings compared to fully diluted stocks.
In the first quarter of 2025, Kulr reported revenue of $2.45 million. This was a 40% increase in product sales totaling around $1.16 million. The total margin fell to 8%, but the total cash and accounts receivable was $2,759 million. Operating expenses increased to $7.2 million with sales, general and management (SG&A) costs and research and development (R&D) costs increased to $2.45 million, contributing to an operating loss of $9.44 million. The net loss increased to $18.81 million, primarily due to adjustments from Bitcoin Holdings to market.
“2025 is Kulr’s year of transformation and the transformation is on track,” commented Kulr CEO Michael Mo. BTC First Bitcoin Treasury. ”
CEO @michaelmokulr talks about the origins of Kulr’s Bitcoin financial strategy and how it shapes the future of the company’s growth.
See $ kulr pic.twitter.com/utq3ikkf0u
– Kulr Technology (@kulrtech) May 15, 2025
This surge in Bitcoin holdings by companies like Kulr and Metaplanet highlights the growth trends of companies employing BTC as their core financial assets, reflecting confidence in the long-term value and utility of Bitcoin as part of a broader financial strategy.
Last week, Metaplanet reported its strongest quarter for the first quarter of 20125. Metaplanet’s Bitcoin Holdings rose to 6,796 BTC. This added over 5,000 BTC in 2025 alone, an increase of 3.9 times since the start of the year. Despite a temporary valuation loss of 7.4 billion yen due to the decline in Bitcoin prices in March, the company had rebounded at 13.5 billion yen as of May 12th with unrealized profits. Since adopting Bitcoin financial standards, Metaplanet’s BTC net asset value has skyrocketed 103.1x with a market capitalization of 138.1x.
This post Kulr has expanded the Bitcoin Treasury to $78 million, with a 220% BTC YTD first appearing in Bitcoin Magazine, written by Oscar Zarraga Perez.
