KULR Technology Group, led by CEO Michael Mo, has strategically expanded its cryptocurrency portfolio by acquiring an additional 118.6 BTC for approximately $13 million, averaging a purchase price of $107,861 per Bitcoin. This move increases KULR’s total Bitcoin holdings to 920 BTC as of June 5, 2025, reflecting a robust year-to-date return of 260%. Such a significant accumulation underscores the company’s commitment to integrating digital assets within its treasury management framework.
In a notable development, KULR Technology Group is set to join the 2025 Russell 3000® Index following market open on June 30th, based on market capitalization rankings as of April 30th. Concurrently, the company will maintain its position in the Russell Microcap® Index. CEO Michael Mo highlighted that this inclusion is anticipated to boost the firm’s market visibility and enhance liquidity, particularly among institutional investors seeking exposure to innovative technology firms with cryptocurrency assets.
Since initiating Bitcoin integration into its treasury strategy last year, KULR has allocated up to 90% of its available cash reserves toward BTC acquisition. This disciplined approach reflects a calculated effort to leverage Bitcoin’s potential as a store of value, aligning with broader trends in corporate treasury diversification within the financial sector.