KULR CEO Doubles Down on Bitcoin Bet: ’We’re Still in the First Inning’ as Treasury Grows

Another corporate balance sheet loading up on digital gold—because nothing says ’hedge against inflation’ like volatile crypto bets while traditional finance burns.

KULR Technology joins the ranks of MicroStrategy and Tesla, aggressively accumulating BTC despite Wall Street’s allergic reactions. Their CEO calls current adoption levels ’nascent’—translation: buy the dip before institutions FOMO in.

Funny how these ’early stage’ claims persist 16 years after Bitcoin’s genesis block. Then again, so do banker memos calling it a ’temporary fad.’

Global acceptance of Bitcoin 

CEO Michael Mo previously said the move is part of a broader effort to integrate emerging financial technologies into KULR’s operations.

“We believe the growing global acceptance of Bitcoin is still in its early stages,” Mo stated, pointing to governments, companies, and capital markets increasingly embracing blockchain and crypto assets.

This news comes as New Hampshire became the first U.S. state to authorize its treasurer to invest public funds in Bitcoin and other digital assets. 

Governor Kelly Ayotte signed a bill allowing up to 10% of state funds to be allocated to assets like Bitcoin, provided they meet strict criteria including a $500 billion market cap threshold.

KULR also reported a 197.5% BTC yield at the time, a proprietary metric tracking the percentage change in its Bitcoin holdings relative to fully diluted shares..