Today, Kulr Technology Group, Inc. (Nyse American: Kulr) Declare Expanding 9 million dollars to the Bitcoin Ministry, up to the total acquisitions of $ 78 million. A newer purchase was performed at a medium price of 103,234 dollars per Bitcoin, up to the total company’s total holdings of 800.3 BTC.
This step follows the Kulr strategy in December 2024 to customize up to 90 % of the surplus cash reserves to Bitcoin. One year to date, the company is 220.2 %, a special performance scale that reflects the growth in BTC’s growths for the completely supposed shares.
In Q1 2025, Kulr I mentioned Revenue of $ 2.45 million, an increase of 40 % driven by selling products, totaling about $ 1.16 million. The total margin decreased to 8 %, while joint funds and arrest accounts amounted to $ 27.59 million. Operating expenditures increased, with public and administrative sales expenses (SG & A) with $ 7.20 million and search and development expenses (R&D) at $ 2.45 million, which contributes to an operating loss of $ 9.44 million. The net loss expanded to $ 18.81 million, mainly due to a mark modification to the market on Bitcoin’s holdings.
“2025 is a transformative year for Kulr and the transformation on its way,” commented CEO of Kulr Michael Mo. Pioneer BTC-Fairst Bitcoin Treasury Company. “
This increase in Bitcoin is highlighted by companies such as Kulr and Metaplanet the increasing trend between companies that build BTC as the basic ministry asset, which reflects confidence in the value and benefit of Bitcoin in the long run as part of the broader financial strategies.
Last week, Metaplanet has been reported to the strongest quarter so far to Q1 FY2025. Bitcoin’s metaplanet has increased to 6796 BTC-increasing 3.9X from one year to date and more than 5000 BTC added in 2025 alone. Although the temporary evaluation losing 7.4 billion yen losing the price of bitcoin in March, the company has recovered by 13.5 billion yen in unreasonable gains from May 12. Since the bitcoin standard has adopted, the value of the net assets of metaplanet 103.1X has increased, and the market cost has increased 138.1X.
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