These Companies Just Added BTC to Their Balance Sheets

With Bitcoin hovering just below record levels set in May 2025, corporate enthusiasm has revived. From first-time buyers to major players expanding already vast holdings, here’s a closer look at companies making moves.

Strategy Leads With Aggressive Accumulation

On 9 June, Strategy – formerly Microstrategy – announced its latest Bitcoin acquisition: 1,045 BTC purchased for US$110.2 million (AU$168.94 million) at an average price of US$105,426 (AU$161,623).  The company now holds 582,000 BTC – worth over US$62 billion (AU$95.3 billion) at today’s prices – which is more than 2.75% of the total supply.

The purchase continues a nine-week streak of Bitcoin accumulation by Strategy, and follows a US$1 billion (AU$1.5 billion) stock offering aimed at funding future crypto buys and corporate spending.

Related: Strategy Doubles Down on Bitcoin, Adds 705 BTC for US$75 Million

KULR Follows Suit With Strategic Treasury Growth

KULR Technology Group, a sustainable energy tech firm, has expanded its Bitcoin holdings with a US$13 million (AU$19.95 million) purchase of 118.6 BTC. This brings its total holdings to 920 BTC, worth roughly US$91 million (AU$139.92 million) at current prices.

The company funds its acquisitions through cash reserves and proceeds from its At-The-Market equity program, reporting a year-to-date Bitcoin yield of 260%. KULR has committed to allocating up to 90% of its cash towards Bitcoin as a long-term reserve asset.

Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset. As KULR continues to scale its Bitcoin treasury, we welcome the chance to align with other institutions pioneering this shift in corporate treasury management.

Michael Mo, CEO of KULR

KULR has also joined the “Bitcoin for Corporations” initiative, launched by Strategy and Bitcoin Magazine, to access institutional tools for managing its crypto strategy. 

Belgravia Hartford Joins the Club

Canadian Investment firm Belgravia Hartford made its first foray into Bitcoin, acquiring 4.86 BTC for US$500,000 (AU$766.52k). The purchase is backed by a US$5 million (AU$7.66 million) credit facility from Round13 Digital Asset fund.

Mehdi Azodi, CEO of Belgravia said:

We are very pleased to have entered the market at this time. Belgravia and Round 13 DAF will continue to monitor the Facility and our holdings of BTC as we move into the anticipated active Summer for Belgravia, cryptocurrencies and BTC in particular.

Mehdi Azodi, CEO of Belgravia

Belgravia also announced a CAD $44.1 million (AU$49.41 million) non-capital tax loss it aims to leverage to offset future gains and strengthen its treasury position.

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