KULR Expands Bitcoin Holdings to 800 BTC, Reports 220.2% BTC Yield

Rhea-AI Summary

KULR Technology Group (NYSE: KULR) has expanded its Bitcoin Treasury by investing an additional $9 million, bringing its total bitcoin holdings to 800.3 BTC, valued at $78 million. The latest acquisition was made at a weighted average price of $103,234 per bitcoin. This expansion aligns with KULR's December 2024 Bitcoin Treasury Strategy, which allows allocation of up to 90% of surplus cash reserves to bitcoin.

The company reports a significant BTC Yield of 220.2% year-to-date, achieved through a combination of surplus cash and its ATM equity program. KULR uses BTC Yield as a KPI, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding.

Positive

• Significant bitcoin holdings expansion to 800.3 BTC ($78 million total investment)
• Strong BTC Yield performance of 220.2% year-to-date
• Strategic use of surplus cash and ATM equity program for bitcoin acquisitions

Negative

• High acquisition price of $103,234 per bitcoin indicates potential exposure to cryptocurrency volatility
• Significant allocation (up to 90%) of surplus cash to bitcoin represents high concentration risk
• Use of ATM equity program for bitcoin purchases may lead to shareholder dilution

Insights

Cryptocurrency Investment Strategist

KULR significantly expanded its Bitcoin position to 800 BTC, reporting 220.2% BTC Yield while allocating 90% of surplus cash to crypto.

KULR Technology Group has increased its Bitcoin treasury by an additional $9 million, bringing total acquisitions to $78 million. The company now holds 800.3 BTC, purchased at a weighted average price of $103,234 per bitcoin (including fees). This aggressive allocation aligns with their December 2024 strategy of holding up to 90% of surplus cash reserves in Bitcoin.

What's particularly notable is KULR's introduction of "BTC Yield" as a key performance indicator, reporting a remarkable 220.2% yield year-to-date. This unusual metric measures the percentage change in the ratio of bitcoin holdings to assumed fully diluted shares outstanding - essentially tracking how efficiently they're growing Bitcoin holdings relative to share dilution.

The company is clearly using a combination of existing cash and their ATM equity program (which allows them to issue new shares) to fund these acquisitions. This approach represents a fundamental shift from traditional corporate treasury management to a Bitcoin-focused strategy.

However, investors should understand that "BTC Yield" is not a standard financial metric and doesn't reflect traditional profitability or operational performance. The company itself acknowledges this is not equivalent to traditional yield metrics and doesn't account for liabilities or broader financial position. This aggressive Bitcoin treasury approach represents significant concentration risk, essentially transforming KULR into a hybrid between an operating company and a Bitcoin investment vehicle.

HOUSTON, May 20, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced it has increased its bitcoin acquisitions for its Bitcoin Treasury by an additional $9 million to reach a total of $78 million in bitcoin acquisitions. The additional bitcoin were acquired at a weighted average price of $103,234 per bitcoin, inclusive of fees and expenses. The Company now holds 800.3 BTC.

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.

BTC Yield as a Key Performance Indicator

Year to date, KULR has achieved a BTC Yield of 220.2%, leveraging a combination of surplus cash and its At-The-Market (ATM) equity program to fund acquisitions.

KULR uses "BTC Yield" as a key performance indicator (KPI) for its Bitcoin Treasury strategy. BTC Yield is calculated as the percentage change period-to-period in the ratio of the Company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding. This KPI helps assess the effectiveness of KULR’s bitcoin acquisition strategy in a manner KULR believes drives shareholder value.

Important Considerations Regarding BTC Yield

BTC Yield is intended to provide insights into KULR’s bitcoin acquisition strategy but should not be interpreted as a measure of operating performance, financial return, or liquidity. It is not equivalent to traditional yield metrics, nor does it account for the Company’s liabilities or broader financial position.

The trading price of KULR’s common stock is influenced by multiple factors beyond bitcoin holdings, and BTC Yield does not predict or reflect the stock's market value. Investors should consider this metric as a supplementary tool and refer to the Company’s financial statements and SEC filings for additional information about the Company’s financial position.

KULR remains committed to its strategic goals of advancing shareholder value while adhering to disciplined financial management.

For additional details, please visit www.kulr.ai.

No Offer or Solicitation
This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any securities of KULR Technology Group Inc., nor shall there be any offer, solicitation or sale of such securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin. For more information, please visit www.kulr.ai.

Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on March 31, 2025, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulr.ai

KULR Media Relations:
M Group Strategic Communications (on behalf of KULR)
Email: kulr@mgroupsc.com

FAQ

How many bitcoins does KULR Technology Group currently hold?

KULR Technology Group currently holds 800.3 BTC, acquired at a total investment of $78 million.

What is KULR's Bitcoin Treasury Strategy?

KULR's Bitcoin Treasury Strategy, announced in December 2024, allows the company to allocate up to 90% of its surplus cash reserves to bitcoin holdings.

What is KULR's BTC Yield and how is it calculated?

KULR's BTC Yield is 220.2% year-to-date. It's calculated as the percentage change in the ratio of the company's bitcoin holdings to its Assumed Fully Diluted Shares Outstanding.

What was the average purchase price of KULR's recent bitcoin acquisition?

KULR's recent bitcoin acquisition was made at a weighted average price of $103,234 per bitcoin, including fees and expenses.

How does KULR fund its bitcoin acquisitions?

KULR funds its bitcoin acquisitions through a combination of surplus cash and its At-The-Market (ATM) equity program.