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HOUSTON - KULR Technology Group, Inc. (NYSE American: KULR), a company specializing in energy storage solutions with a market capitalization of $358 million, has expanded its Bitcoin Treasury, purchasing an additional $9 million worth of bitcoin at an average price of $103,234 per coin, inclusive of fees and expenses. This acquisition, announced today, increases the company’s bitcoin holdings to 800.3 BTC, totaling $78 million invested in the cryptocurrency. According to InvestingPro data, KULR maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 9.19.
The move is part of KULR’s Bitcoin Treasury Strategy, which began on December 4, 2024, when the company decided to allocate up to 90% of its surplus cash reserves to bitcoin. KULR has adopted "BTC Yield" as a Key Performance Indicator (KPI) to measure the success of its strategy. BTC Yield represents the percentage change in the ratio of the company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding. While the company’s stock has shown significant volatility, with a 225% return over the past year, InvestingPro analysis indicates the stock is currently trading below its Fair Value, presenting a potential opportunity for investors seeking exposure to both energy technology and cryptocurrency markets.
KULR emphasizes that BTC Yield should not be seen as indicative of operating performance, financial return, or liquidity. It is a supplementary measure, and the company advises investors to consult its financial statements and SEC filings for a comprehensive understanding of its financial position. The trading price of KULR’s common stock is subject to various factors, and BTC Yield does not necessarily correlate with market value.
KULR maintains a focus on advancing shareholder value while practicing disciplined financial management. The company’s core business lies in delivering advanced energy storage systems for applications in space, aerospace, and defense sectors, achieving 16.47% revenue growth in the last twelve months. KULR’s offering includes both commercial-off-the-shelf and custom energy storage solutions. For deeper insights into KULR’s financial health and growth prospects, investors can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports.
This expansion of KULR’s Bitcoin Treasury is based on a press release statement and does not constitute financial advice or a solicitation of investment. For further details on KULR’s financial strategies and offerings, interested parties can visit the company’s website.
In other recent news, KULR Technology Group reported its first-quarter 2025 earnings, which revealed a revenue shortfall. The company achieved a revenue of $2.4 million, marking a 40% increase year-over-year, but this figure fell short of the forecasted $3 million. Earnings per share (EPS) also came in below expectations at -0.02 USD. Despite the revenue miss, KULR noted an 89% growth in product revenue, with significant contributions from Bitcoin mining. The company maintains a strong cash balance of $24 million and holds $55 million worth of Bitcoin. Additionally, KULR is expanding its presence in the AI and robotics markets, supported by strategic partnerships and facility expansions. The firm continues to focus on its Bitcoin acquisition strategy and anticipates revenue to at least double in 2025. KULR is also planning a CubeSat launch with SpaceX in 2027, as part of its ongoing initiatives in AI and robotics.
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