KULR Expands Bitcoin Holdings, Now Holds Over 610 BTC

San Diego-based energy storage firm KULR (NYSE: KULR) continues to expand its Bitcoin holdings, reaffirming its commitment to BTC as a treasury asset. The company, which serves aerospace and defense clients, has now accumulated 610.3 BTC—worth over $59 million—following its latest $10 million purchase.

KULR initially entered the Bitcoin market in December, acquiring 217.18 BTC for approximately $21 million. It then doubled down last month with another $21 million buy, further strengthening its Bitcoin position. The firm has pledged to allocate up to 90% of its surplus cash reserves to the cryptocurrency, a move inspired by Strategy (formerly MicroStrategy).

Strategy pioneered corporate Bitcoin adoption in 2020, amassing 478,740 BTC—valued at $46.4 billion—while positioning itself as a Bitcoin securitization vehicle. Co-founder Michael Saylor has emphasized Bitcoin’s potential to sustain companies indefinitely.

Despite KULR’s growing Bitcoin treasury, its stock has dipped over 4% to $2.26 per share. The firm has yet to comment on its latest purchase. However, its aggressive Bitcoin strategy mirrors a broader trend among U.S. public companies seeking stronger financial resilience through digital assets.

With Bitcoin currently trading at $97,000 per coin, corporate adoption of the leading cryptocurrency continues to gain momentum.