KULR Technology’s Strategic Bitcoin Accumulation Nears 200% YTD Yield as BTC Approaches $95K
KULR Technology Group has significantly expanded its Bitcoin treasury with a $4 million purchase, adding 42 BTC to its portfolio. This strategic move brings the Texas-based company’s total holdings to 716.2 BTC, valued at approximately $67.8 million, as Bitcoin approaches the $95,000 mark. The firm’s aggressive accumulation strategy has yielded impressive returns, with year-to-date gains reaching 197.5%, showcasing the growing institutional confidence in Bitcoin’s long-term value proposition.
KULR Technology Expands Bitcoin Holdings with $4M Purchase, Nears 200% YTD Yield
KULR Technology Group has bolstered its Bitcoin treasury with a $4 million acquisition, adding 42 BTC to its holdings. The Texas-based thermal management specialist now controls 716.2 coins valued at $67.8 million as Bitcoin flirts with the $95,000 level.
The company’s aggressive accumulation strategy has delivered remarkable results, with year-to-date yields reaching 197.5%. This move comes amid Bitcoin’s sustained bullish momentum, with market participants increasingly eyeing the $100,000 psychological threshold.
Institutional adoption continues to accelerate as corporations capitalize on Bitcoin’s store-of-value proposition. KULR’s latest purchase demonstrates confidence in the cryptocurrency’s long-term appreciation potential, despite recent price volatility.
UK Treasury Minister Rejects U.S.-Style National Bitcoin Reserve
The UK has no plans to follow the United States in establishing a national Bitcoin reserve, according to Emma Reynolds MP, Economic Secretary for the Treasury. Speaking at the Financial Times Digital Asset Summit in London, Reynolds dismissed the idea as inappropriate for the UK market, despite recent moves by the U.S. under former President Donald Trump to create a Strategic Bitcoin Reserve.
Reynolds emphasized that while the U.S. may pursue such a strategy, the UK will not stockpile cryptocurrencies like Bitcoin. The remarks highlight a divergence in approach between the two nations as global interest in digital assets grows. The UK’s stance reflects a cautious regulatory posture, even as it continues to engage with the broader digital asset ecosystem.
Ex-Binance CEO CZ Predicts Bitcoin’s Parabolic Rally to $1 Million This Cycle
Changpeng "CZ" Zhao, former CEO of Binance, has made a bold projection for Bitcoin’s price trajectory during the current market cycle. In a recent interview with Rug Radio, the industry veteran suggested BTC could reach between $500,000 and $1 million, potentially pushing the total cryptocurrency market capitalization to $5 trillion by year-end.
The Binance founder dismissed concerns about Bitcoin being overvalued at its current $94,000 level, emphasizing significant upside remains. Zhao specifically highlighted spot Bitcoin ETFs as a key catalyst for this anticipated parabolic move, though the interview excerpt cuts off before further elaboration.
New Hampshire Becomes First U.S. State to Pass Bitcoin Reserve Bill
New Hampshire has set a precedent in the U.S. by becoming the first state to authorize public funds investment in Bitcoin reserves. Governor Kelly Ayotte signed HB 302 into law, enabling the state to allocate up to 5% of public funds into cryptocurrencies meeting a $500 billion market capitalization threshold—currently, only Bitcoin qualifies.
The move underscores growing institutional acceptance of digital assets as reserve holdings. "New Hampshire is once again first in the nation," Governor Ayotte declared, framing the legislation as a strategic financial innovation rather than speculative gambit.
Satoshi-Era Bitcoin Whale Wallets Linked to Silk Road Move $324M After 12 Years
Two dormant Bitcoin wallets from the Satoshi era, inactive for over a decade, have suddenly transferred a combined 3,422 BTC ($324.2 million). Blockchain firm Spot On Chain reported the first wallet, tagged "1NWPS," moved 2,343 BTC ($222.2 million) on May 6, while the second, "1PiEK," transferred 1,079 BTC ($102.5 million). The latter had lain fallow for nearly 12 years.
Analyst Sani of TimechainIndex suggests these addresses may trace back to Silk Road, the infamous darknet marketplace. Such movements from crypto’s primordial era often trigger market speculation—whether it’s institutional accumulation, profit-taking, or legacy holders finally awakening.
