Stock Track | KULR Technology Soars 5.26% as Bitcoin Holdings Expand to $50 Million

Stock Track

Jan 22, 2025

KULR Technology Group, Inc. (NYSE: KULR) rallied 5.26% in pre-market trading on Tuesday, following the company's announcement that it has increased its Bitcoin holdings to 510 BTC, worth around $50 million.

The energy storage solutions provider acquired an additional $8 million worth of Bitcoin at an average price of $101,695 per BTC. This move aligns with KULR's "Bitcoin Treasury Strategy" revealed in December 2024, which committed up to 90% of the company's surplus cash reserves to be held in Bitcoin.

KULR reported achieving a year-to-date "Bitcoin Yield" of 127%, a proprietary metric tracking the percentage change in the ratio of its Bitcoin holdings to outstanding shares. The company has leveraged a combination of surplus cash and an equity program to fund its Bitcoin acquisitions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1190139108"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1190139108\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1190139108?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-22 00:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190139108","market":"hk","top_or_hot":-1,"title":"Stock Track | KULR Technology Soars 5.26% as Bitcoin Holdings Expand to $50 Million","media":"Stock Track","content":"<p>KULR Technology Group, Inc. (NYSE: KULR) rallied 5.26% in pre-market trading on Tuesday, following the company's announcement that it has increased its Bitcoin holdings to 510 BTC, worth around $50 million.</p>\n\n<p>The energy storage solutions provider acquired an additional $8 million worth of Bitcoin at an average price of $101,695 per BTC. This move aligns with KULR's \"Bitcoin Treasury Strategy\" revealed in December 2024, which committed up to 90% of the company's surplus cash reserves to be held in Bitcoin.</p>\n\n<p>KULR reported achieving a year-to-date \"Bitcoin Yield\" of 127%, a proprietary metric tracking the percentage change in the ratio of its Bitcoin holdings to outstanding shares. The company has leveraged a combination of surplus cash and an equity program to fund its Bitcoin acquisitions.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | KULR Technology Soars 5.26% as Bitcoin Holdings Expand to $50 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | KULR Technology Soars 5.26% as Bitcoin Holdings Expand to $50 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-01-22 00:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>KULR Technology Group, Inc. (NYSE: KULR) rallied 5.26% in pre-market trading on Tuesday, following the company's announcement that it has increased its Bitcoin holdings to 510 BTC, worth around $50 million.</p>\n\n<p>The energy storage solutions provider acquired an additional $8 million worth of Bitcoin at an average price of $101,695 per BTC. This move aligns with KULR's \"Bitcoin Treasury Strategy\" revealed in December 2024, which committed up to 90% of the company's surplus cash reserves to be held in Bitcoin.</p>\n\n<p>KULR reported achieving a year-to-date \"Bitcoin Yield\" of 127%, a proprietary metric tracking the percentage change in the ratio of its Bitcoin holdings to outstanding shares. The company has leveraged a combination of surplus cash and an equity program to fund its Bitcoin acquisitions.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KULR","symbol_name":"KULR Technology Group, Inc.","start_time":0,"source_url":"","article_id":"1190139108","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190139108","pubTimestamp":1737475714,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"KULR Technology Group, Inc.  rallied 5.26% in pre-market trading on Tuesday, following the company's announcement that it has increased its Bitcoin holdings to 510 BTC, worth around $50 million.The energy storage solutions provider acquired an additional $8 million worth of Bitcoin at an average price of $101,695 per BTC. This move aligns with KULR's \"Bitcoin Treasury Strategy\" revealed in December 2024, which committed up to 90% of the company's surplus cash reserves to be held in Bitcoin.KULR ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KULR":"KULR Technology Group, Inc."},"translate_title":"比特币持股规模扩大至5000万美元，股票赛道KULR Technology飙升5.26%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KULR":1},"content_text":"KULR Technology Group, Inc. (NYSE: KULR) rallied 5.26% in pre-market trading on Tuesday, following the company's announcement that it has increased its Bitcoin holdings to 510 BTC, worth around $50 million.\nThe energy storage solutions provider acquired an additional $8 million worth of Bitcoin at an average price of $101,695 per BTC. This move aligns with KULR's \"Bitcoin Treasury Strategy\" revealed in December 2024, which committed up to 90% of the company's surplus cash reserves to be held in Bitcoin.\nKULR reported achieving a year-to-date \"Bitcoin Yield\" of 127%, a proprietary metric tracking the percentage change in the ratio of its Bitcoin holdings to outstanding shares. The company has leveraged a combination of surplus cash and an equity program to fund its Bitcoin acquisitions.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}