KULR Technology Group announced it has joined the 'Bitcoin for Corporations' (BFC) initiative, a prominent platform launched by Strategy™ and Bitcoin Magazine focused on accelerating Bitcoin’s institutional adoption. KULR's participation as an Executive Member supports its broader strategy to expand its Bitcoin treasury.
Through the BFC program, participating organizations gain access to institutional-grade tools, frameworks, and peer networks that support the responsible management and expansion of Bitcoin holdings. KULR CEO Michael Mo commented that this commitment reflects a strong conviction in Bitcoin’s long-term value as a monetary asset.
The announcement coincides with KULR increasing its Bitcoin Treasury by an additional $13 million, reaching a total of $91 million in Bitcoin acquisitions. The company now holds 920 BTC with an average purchase price of $98,760, and has achieved a BTC Yield of 260% year-to-date, leveraging cash and its At-The-Market (ATM) equity program.
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