KULR Technology Group Expands Bitcoin Holdings
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.
In a recent announcement, the company revealed that it has increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin.
Bitcoin Treasury Strategy
This move aligns with the company’s bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.
BTC Yield Performance
The company reported a BTC Yield of 167.3% year-to-date, using surplus cash and its at-the-market (ATM) equity program to fund acquisitions.
BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding.
Company Performance
Shares of KULR were down nearly 2% in premarket trading, after jumping 28% on Monday.
Disclaimer
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Conclusion
In conclusion, KULR Technology Group has expanded its bitcoin holdings to 610.3 BTC, in line with its bitcoin treasury strategy. The company’s BTC Yield performance has also been impressive, with a 167.3% year-to-date return.
FAQs
- What is KULR Technology Group’s bitcoin treasury strategy?
KULR Technology Group allocates up to 90% of its surplus cash reserves to bitcoin.
- What is the BTC Yield?
The BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding.
- What was the price at which KULR Technology Group bought the additional $10 million worth of bitcoin?
KULR Technology Group bought the additional $10 million worth of bitcoin at an average price of $103,905 per bitcoin.
- What was the total value of KULR Technology Group’s bitcoin holdings after the additional purchase?
The total value of KULR Technology Group’s bitcoin holdings was approximately $60 million after the additional purchase.
