KULR Technology Group Expands Bitcoin Holdings
KULR Technology Group (KULR) has significantly increased its investments in bitcoin (BTC), now holding a total of 610.3 BTC. This strategic move has boosted the company’s overall bitcoin assets to approximately $60 million, following a recent acquisition of an additional $10 million worth of BTC at an average price of $103,905 per coin, as detailed in their latest announcement.
This acquisition is part of KULR’s broader bitcoin treasury strategy, which was initially unveiled in December 2024. The strategy outlines the plan to allocate up to 90% of the company’s surplus cash reserves directly into bitcoin, reflecting a strong commitment to the cryptocurrency market.
As of now, KULR is reporting an impressive BTC Yield of 167.3% year-to-date. This yield is achieved by leveraging excess cash and utilizing its at-the-market (ATM) equity program to finance these acquisitions. The BTC Yield serves as a crucial performance indicator (KPI), measuring the percentage change in KULR’s bitcoin holdings relative to its fully diluted shares outstanding.
Despite this positive news, shares of KULR experienced a slight decline of nearly 2% in premarket trading, following a substantial jump of 28% the previous Monday.
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