KULR Technology Group Inc. Invests $10 Million in Bitcoin, Boosting Holdings to 1,021 BTC

KULR Technology Group Inc. has recently made a significant investment in Bitcoin, acquiring approximately $10 million worth of the cryptocurrency. This purchase brings the company's total Bitcoin holdings to 1,021 BTC, marking a substantial increase in its digital asset portfolio. The strategic move aligns with KULR's Bitcoin Treasury Strategy, announced on December 4, 2024, which commits up to 90% of the company's surplus cash to Bitcoin acquisitions. This decision reflects KULR's commitment to diversifying its funding sources and executing long-term growth strategies to drive shareholder value.

The company has been actively expanding its Bitcoin holdings since the announcement of its treasury strategy. In May, KULR increased its Bitcoin acquisitions by an additional $9 million, reaching a total of $78 million in Bitcoin investments. This aggressive approach to Bitcoin accumulation is part of KULR's broader strategy to build a resilient treasury and maximize its digital asset holdings.

To support its Bitcoin accumulation goals, KULR has secured a $20 million credit facility with Coinbase Credit, Inc. This multi-draw loan facility will provide KULR with access to non-dilutive capital at a competitive financing rate. The net proceeds from this credit facility will be used to fund KULR's strategic Bitcoin accumulation goals. The amounts borrowed under the credit facility will be secured by a portion of the company's total Bitcoin holdings, ensuring that the investment remains secure and sustainable.

KULR's decision to invest heavily in Bitcoin is part of a broader trend among companies looking to benefit from the growing acceptance and value of digital currencies. By leveraging a "buy-or-mine" flexibility, KULR intends to build its BTC holdings more efficiently, rather than relying on a single method of BTC accumulation. This approach allows the company to adapt to market conditions and optimize its investment strategy.

The company's commitment to Bitcoin is not just about financial gains; it also reflects KULR's broader mission to pioneer sustainable and safe engineering solutions across various sectors, including space, aerospace, defense, transportation, and recycling. KULR's expertise spans from small-satellite (CubeSat) batteries to JSC 20793 human-rated batteries, offering both off-the-shelf products and custom solutions tailored to meet specific needs.

In summary, KULR Technology Group Inc.'s recent investment of $10 million in Bitcoin, bringing its total holdings to 1,021 BTC, is a strategic move that aligns with its broader Bitcoin Treasury Strategy. The company's aggressive approach to Bitcoin accumulation, supported by a $20 million credit facility, reflects its commitment to diversifying its funding sources and executing long-term growth strategies. This investment not only positions KULR to benefit from the growing value of Bitcoin but also underscores the company's mission to innovate and lead in sustainable energy management.