BlockBeats News, June 9th, Michael Mo, CEO of the publicly traded company KULR, announced that the company has spent approximately $13 million to increase its holdings of 118.6 BTC, with an average purchase price of $107,861. As of June 5, 2025, they hold 920 BTC, with a year-to-date Bitcoin return of 260%.
BlockBeats previously reported that on May 27th, energy management company KULR Technology Group will be formally included in the 2025 Russell 3000® Index after the market opens on June 30th. This restructuring is based on market capitalization rankings as of April 30th, with KULR also being included in the Russell Microcap® Index at the same time. CEO Michael Mo stated that this move is expected to enhance the company's visibility and liquidity among institutional investors. It is worth noting that KULR had already incorporated Bitcoin into its treasury strategy last year, with up to 90% of remaining cash available for BTC allocation.
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