KULR Technology Group (NYSE: KULR) has expanded its Bitcoin holdings to $101 million after acquiring an additional $10 million in BTC at an average price of $108,884 per coin. The company now holds a total of 1,021 BTC, following its treasury strategy launched in December 2024, which commits up to 90% of surplus cash reserves to Bitcoin.

CEO Michael Mo emphasized Bitcoin’s long-term value, stating it has outperformed major asset classes in 11 of the past 14 years. KULR reports a year-to-date BTC yield of 291.2%, with 633 BTC gained, now valued at over $70 million. The company’s net asset value multiple (mNAV) stands at 2.24, reflecting strong treasury growth through surplus cash, a Coinbase credit facility, and its ATM equity program.

The announcement follows KULR’s deployment of 3,570 Bitmain S19 XP 140T miners in Paraguay, raising its mining capacity to 750 PH/s. With a target of 1.25 EH/s by late summer, KULR plans to continue accumulating Bitcoin without a set limit.

Source

HOUSTON, July 10, 2025 — KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a Bitcoin First Company and global leader in sustainable energy management, today announced it has increased its bitcoin holdings for its Bitcoin Treasury by additional acquisitions of approximately $10 million to reach a total of approximately $101 million in bitcoin acquisitions.

The additional bitcoin were acquired at a weighted average price of $108,884 per bitcoin, inclusive of fees and expenses. The Company now holds 1,021 BTC.

This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to…

Read more on bitcoinnews

KULR Technology Group, Inc. (NYSE: KULR) announced it has expanded its Bitcoin treasury to $101 million after acquiring approximately $10 million in additional bitcoin at an average price of $108,884 per BTC. 

The company’s total bitcoin holdings have risen to 1,021 BTC, in line with its Bitcoin treasury strategy launched in December 2024, which commits up to 90% of surplus cash reserves to bitcoin as a primary treasury asset.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” said the CEO of KULR Michael Mo. “The price cycles, however, will remain unpredictable, hash rate is volatile, and even energy markets…

Read more on BitcoinMagazine

K Wave Media Inc. has announced a $500 million convertible note agreement with Anson Funds to support its Bitcoin treasury strategy. This financing follows an earlier $500 million standby equity purchase agreement with Bitcoin Strategic Reserve, bringing the company’s total capital capacity to $1 billion.

As part of the Anson agreement, K Wave will issue $15 million in senior secured convertible notes and warrants in the first tranche. Under the terms of the deal, at least 80% of the net proceeds will be used to purchase Bitcoin. K Wave confirmed it has already acquired 88 BTC. 

“We believe that this financing structure positions us to execute one of the most ambitious…

Read more on BitcoinMagazine

Video platform Rumble (RUM) has announced a major move into crypto by partnering with payments provider MoonPay to launch the Rumble Wallet. Set to go live in Q3, the wallet will allow users to buy, sell, and swap cryptocurrencies directly on the platform, giving creators more control over their earnings.

The Rumble Wallet will use MoonPay’s infrastructure to enable seamless conversions between digital assets and fiat currency. Rumble CEO Chris Pavlovski called the partnership a game-changer, saying, “We’re not just building tools, we’re building freedom.” As part of the deal, MoonPay’s creative arm, Otherlife, will shift its operations to Rumble Cloud, using decentralized storage and computing to produce content natively in Web3 environments.

This move comes as part of Rumble’s growing commitment to crypto, following a $775 million investment from Tether, the company behind USDT. Rumble has also added bitcoin (BTC) to its balance sheet and plans to accept BTC, USDT, and Tether’s tokenized gold, XAUT, for payments.

Source

The original concept of a Bitcoin sidechain was proposed by Adam Back, Matt Corallo, Luke Dashjr, Mark Friedenbach, Gregory Maxwell, Andrew Miller, Andrew Poelstra, Jorge Timón, and Pieter Wuille, who all went on to found Blockstream, in 2014. 

The idea was proposed to allow a more liberal development environment, where people could try new ideas and technologies on a sidechain without risking the security of the main Bitcoin blockchain. 

Since then the design space of sidechains has grown rather large. 

At the end of the day sidechains is a very broad term that encompasses a large range of very diverse and different systems. They can be as varied and arbitrary as the…

Read more on BitcoinMagazine

Sequans Communications (NYSE: SQNS) has made a bold move into the crypto space with the purchase of 370 bitcoin, launching its official bitcoin treasury strategy. The acquisition was funded using a portion of proceeds from the company’s recent offering of ordinary shares & convertible debentures, which closed on July 7, 2025. This marks a significant step in Sequans’ commitment to digital assets.

CEO Georges Karam announced plans to accumulate over 3,000 BTC in the coming weeks, calling bitcoin a strong long-term store of value for shareholders. He emphasized that this initiative is part of Sequans’ broader strategic vision to diversify assets & align with emerging financial technologies.

To support its crypto initiative, Sequans selected Coinbase (NASDAQ: COIN) as its custodian, utilizing Coinbase Prime for secure, institutional-grade custody & deep liquidity. Ryan Ballantyne, Head of Coinbase’s Corporate Treasury Strategy, praised Sequans’ trust in Coinbase, highlighting the need for transparent, efficient & regulated platforms as institutions move further into the onchain economy.

Source

Spot bitcoin ETFs have officially crossed $50 billion in cumulative net inflows, marking a major milestone for the crypto market. According to data from SoSoValue, the 12 funds saw $218 million in net inflows on Wednesday alone, bringing the total to $50.16 billion. BlackRock’s IBIT led with $125.5 million, followed by ARK 21Shares’ ARKB with $56.96 million, and Grayscale’s Mini Bitcoin Trust with $15.8 million.

Rachael Lucas, crypto analyst at BTC Markets, said the steady inflows show that institutions are taking bitcoin seriously. She noted this momentum is driven by asset managers, corporate treasuries, and wealth platforms, not retail speculation. Lucas added that global uncertainty and expectations of Trump’s rate cuts are boosting demand for risk assets like bitcoin.

Bitcoin hit a new all-time high of $112,152 on Wednesday, before settling at $110,990, up 2% in 24 hours, according to The Block. Spot Ethereum ETFs also saw strong activity, recording $211.32 million in inflows and reaching $4.72 billion in total.

Data