KULR Technology Bolsters Bitcoin Portfolio with Strategic $4M Purchase Amid Market Rally
KULR Technology Group, Inc. has significantly expanded its Bitcoin holdings, acquiring an additional 42 BTC worth $4 million, as the cryptocurrency’s price approaches $95,000. This move highlights the company’s bullish stance on Bitcoin and its strategic treasury management, which has yielded a remarkable 197.5% return year-to-date.
KULR Technology Expands Bitcoin Holdings to 716.2 BTC Amid Bullish Market Momentum
KULR Technology Group, Inc. has acquired an additional 42 bitcoin worth approximately $4 million, bringing its total holdings to 716.2 BTC valued at $67.8 million. The Texas-based thermal management specialist now boasts a year-to-date BTC yield of 197.5%, underscoring its aggressive treasury strategy.
Bitcoin’s price surge toward $95,000 has fueled institutional accumulation, with KULR emerging as a corporate adoption case study. The cryptocurrency’s 2025 rally continues drawing comparisons to previous bull cycles, with analysts eyeing the $100,000 psychological threshold.
BlackRock Expands Bitcoin Holdings Beyond $5.4B, Diversifies ETF Strategy
BlackRock has cemented its position as a major institutional player in Bitcoin, with total exposure now exceeding $5.4 billion across multiple vehicles. The asset manager increased its iShares Bitcoin Trust (IBIT) holdings by 3.2 million shares in Q1 2025, bringing its stake to $274 million.
In a strategic shift, the firm diversified into competing spot Bitcoin ETFs for the first time, acquiring 71,000 shares of Fidelity’s FBTC and smaller positions in Grayscale products. This move signals a broader institutional acceptance of cryptocurrency investment products beyond single-fund exposure.
Florida Halts Bitcoin Reserve Plans Amid National Policy Uncertainty
Florida has quietly withdrawn two legislative proposals that sought to incorporate Bitcoin into the state’s public investment strategy. House Bill 487 and Senate Bill 550, which WOULD have permitted up to 10% allocation of state-managed assets into Bitcoin, have been shelved indefinitely.
The move reflects a broader hesitation among U.S. states toward crypto adoption at the institutional level. Similar initiatives in Pennsylvania, Montana, and Oklahoma have faced delays or rejections, signaling cooling momentum for government-led cryptocurrency integration.
Florida’s retreat leaves the state’s once-bold vision for a Bitcoin reserve in limbo, with no clear path forward. The decision underscores the challenges of crypto adoption amid regulatory uncertainty at both state and federal levels.
Binance’s CZ Predicts Bitcoin Price Boom: $500k to $1M in Sight
Binance co-founder Changpeng ’CZ’ Zhao forecasts Bitcoin could reach between $500,000 and $1 million this cycle, citing institutional adoption and ETF inflows as key drivers. ’There’s the ETFs. There’s this institutionalization of Bitcoin […] it’s a positive in terms of price action,’ Zhao stated during a Rug Radio interview.
Government interest and spot Bitcoin ETFs are funneling traditional capital into crypto, with institutional money dominating U.S. flows. ’Bitcoin is going up because most of the ETFs are Bitcoin-based,’ he added, underscoring the asset’s primacy in the current rally.
Gold Price Extends Gains Beyond $3,420/oz: What Next for Bitcoin Price?
Gold prices surged nearly 3% to $3,424 per ounce amid escalating geopolitical tensions following India’s military offensive against Pakistan. The precious metal is now less than 2% away from its all-time high as central banks ramp up demand and the U.S. dollar weakens against major currencies.
Meanwhile, Bitcoin is seeing renewed institutional interest, according to on-chain data. The cryptocurrency’s price trajectory may mirror gold’s safe-haven appeal as global trade negotiations rattle equity markets, particularly U.S. stocks.
Peter Schiff Sparks Debate as Bitcoin’s Surge Raises Eyebrows
Economist Peter Schiff has reignited his long-standing critique of Bitcoin, dismissing its recent price surge as artificially inflated by U.S. government intervention. The Gold advocate doubled down on his warnings during a social media tirade, labeling Bitcoin as "a complete fraud" while predicting new all-time highs for precious metals.
Schiff’s remarks arrive amid growing institutional interest in cryptocurrency markets. His claim that late Bitcoin adopters "will lose more" contrasts sharply with on-chain data showing sustained accumulation by long-term holders. The debate highlights deepening divisions between traditional finance and crypto-native investors.
