KULR Increases Bitcoin Treasury to $101 Million and Boosts Mining Capacity

KULR increased its Bitcoin holdings to 1,021 Bitcoin and boosted mining capacity to 750 PH/s.

Deniz Saat

July 10, 2025 @ 5:05 PM PT

KULR Technology Group, Inc. (NYSE: KULR) has raised its Bitcoin holdings to 1,021 Bitcoin, worth approximately $101 million, after acquiring $10 million in Bitcoin at an average price of $108,884 per coin.

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

The purchase is part of KULR’s treasury strategy launched in December 2024, which allocates up to 90% of excess cash to Bitcoin.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” said CEO Michael Mo.

He added that KULR’s combined approach of buying and mining helps capture value from both coin and hash price movements while strengthening the company’s treasury.

Year to date, KULR reports a BTC yield of 291.2%, reflecting growth in Bitcoin per share through surplus cash, a Coinbase credit line, and its at-the-market equity program.

The company has realized a Bitcoin gain of 633 Bitcoin, valued at over $70 million, with a multiple of net asset value (mNAV) of 2.24.

BTC Yield measures changes in the company’s Bitcoin-per-share ratio and is intended to track the effectiveness of its Bitcoin strategy.

The announcement follows KULR’s deployment of 3,570 Bitmain S19 XP 140T miners in Asuncion, Paraguay, increasing its mining capacity to 750 PH/s, with a goal of reaching 1.25 EH/s later this summer.

“We view our Bitcoin holdings as long term holdings and expect to continue to accumulate Bitcoin,” the company stated.

“We have not set any specific target for the amount of Bitcoin we seek to hold.”