Investing.com - Financial Markets Worldwide

KULR stock rises on Bitcoin for Corporations initiative

Published 09/06/2025, 14:02
© Reuters.
Bitcoin US Dollar
-1.78%
KULR
-2.43%

Investing.com -- KULR Technology Group Inc (NYSE American:KULR) shares climbed 2% following the announcement that the company has joined the "Bitcoin for Corporations" initiative, signaling a strategic move to integrate Bitcoin into its corporate treasury.

The company, which identifies as a Bitcoin First Company and a global leader in sustainable energy management, has become an Executive Member of the platform, which is launched by Strategy™ and Bitcoin Magazine. This platform aims to expedite the institutional adoption of Bitcoin by providing tools, frameworks, and networks for the management and growth of Bitcoin holdings.

KULR’s decision to join the initiative aligns with its strategy to increase its Bitcoin treasury and collaborate with other corporations that see Bitcoin as a long-term reserve asset. CEO Michael Mo expressed the company’s belief in Bitcoin’s enduring value, saying, “Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset. As KULR continues to scale its Bitcoin treasury, we welcome the chance to align with other institutions pioneering this shift in corporate treasury management.”

The news also highlighted that KULR has expanded its Bitcoin Treasury by $13 million, bringing the total to $91 million in Bitcoin acquisitions. This purchase has increased the company’s Bitcoin holdings to 920 BTC at an average purchase price of $98,760, with the recent acquisition made at a weighted average price of $107,861 per bitcoin, considering fees and expenses.

Furthermore, KULR has reported a Bitcoin Yield of 260% year to date, using a mix of cash and its At-The-Market (ATM) equity program to finance these acquisitions. The market’s positive response to KULR’s Bitcoin strategy reflects investor interest in companies that are actively incorporating cryptocurrencies into their financial strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.