KULR CEO Reveals $9 Million BTC Investment as Bitcoin Soars to 220% Year-to-Date Return

COINOTAG reported on May 20 that Michael Mo, the CEO of publicly traded company KULR, has revealed a significant increase in their cryptocurrency portfolio. The firm now holds 83.3 BTC, acquired at a total expenditure of $9 million, translating to an average cost of $103,234 per BTC. This strategic move aligns with the company’s ongoing commitment to digital asset investments. Notably, the year-to-date performance of Bitcoin has shown a remarkable 220% gain, underscoring its resilience in the current market. As of the latest update on May 20, 2025, KULR has expanded its holdings to 800 BTC, signaling robust confidence in the cryptocurrency’s long-term viability. This development emphasizes the growing trend of institutional adoption in the crypto space, as companies pivot towards integrating digital currencies.