Kurr expands Bitcoin Treasury to $78 million, citing 220% BTC earnings YTD
Today, Kulr Technology Group, Inc. (NYSE American: Kulr) announced a $9 million Bitcoin Treasury Department, bringing the total acquisition to $78 million. The average price of the latest purchase is $103,234 per Bitcoin, bringing the company’s total holdings to 800.3 BTC.
The move comes after Kulr’s December 2024 strategy, allocating up to 90% of his surplus cash reserves to Bitcoin. The company’s graduates’ BTC yield is 220.2%, a proprietary performance metric that reflects the growth of BTC holdings relative to the supposedly fully diluted stock.
In the first quarter of 2025, Kulr reported revenue of $2.45 million, an increase of 40% as total product sales amounted to approximately $1.16 million. Gross margin fell to 8%, while cash and accounts receivable combined were $27.59 million. Operating expenses rose, with sales, general and administrative (SG&A) expenses of $7.2 million and R&D (R&D) expenses of $2.45 million, resulting in $9.44 million in operating losses. Net loss expanded to $18.81 million, mainly due to mark-to-market adjustments to Bitcoin holdings.
“2025 is a transformative year for KULR and the transformation is well on its way,” commented KULR CEO Michael Mo. “With over $100M in cash and Bitcoin holdings on our balance sheet as of the present day and virtually no debt, we are well capitalized to grow our battery and AI Robotics businesses, while our capital market activities in the foreseeable future are geared to turbocharge our Bitcoin acquisition Strategy, establishing KULR as a pioneer BTC-first Bitcoin Treasury company.”
Bitcoin holdings in companies like Kulr and Metaplanet have enhanced the growth trend of companies that use BTC as their core fiscal asset, reflecting confidence in the long-term value and practicality of Bitcoin, as part of a broader financial strategy.
Last week, Metaplanet reported its strongest quarter in Q1. Metaplanet’s Bitcoin holdings increased to 6,796 BTC, up 3.9 times in 2025 alone, and over 5,000 BTC in 2025 alone. Although temporary estimated losses from the decline in Bitcoin price in March were temporary, the company had unrealized earnings of 13.5 billion yen as of May 12. Metaplanet’s BTC net asset value has soared by 103.X times due to the adoption of Bitcoin treasury standards, and its market cap has increased by 138.1x.
