KULR Joins "Bitcoin for Corporations" Initiative Led by Strategy™ and Bitcoin Magazine

Core Insights - KULR Technology Group has joined the "Bitcoin for Corporations" initiative to enhance its Bitcoin treasury strategy and align with other corporations adopting Bitcoin as a reserve asset [1][2][3] - The company has increased its Bitcoin holdings by 118 BTC, bringing the total to 920 BTC, with a total investment of $91 million [1][3] - KULR's average purchase price for Bitcoin is $98,760, and it has achieved a BTC yield of 260% year-to-date [3][4] Company Strategy - KULR's participation in the BFC initiative provides access to institutional-grade tools and frameworks for managing Bitcoin holdings [2] - The company aims to allocate up to 90% of its cash to Bitcoin acquisitions, reflecting a strong commitment to integrating Bitcoin into its treasury [5] Financial Performance - The recent acquisition of Bitcoin was made at a weighted average price of $107,861 per BTC, including fees and expenses [3] - KULR has leveraged a combination of cash and its At-The-Market (ATM) equity program to fund its Bitcoin acquisitions [4]