KULR Boosts Bitcoin Treasury to $60M, Yielding 167% in 2024

KULR Technology Group, Inc., a leading provider of advanced energy management platforms, has announced a significant expansion of its Bitcoin Treasury. The company has invested an additional $10 million in Bitcoin, bringing its total acquisitions to approximately $60 million. This strategic move aligns with KULR's Bitcoin Treasury Strategy, which was announced on December 4, 2024, and aims to hold up to 90% of its surplus cash reserves in Bitcoin.

The latest purchases were made at a weighted average price of $103,905 per Bitcoin, inclusive of fees and expenses. As a result of this investment, KULR now holds 610.3 BTC. This move is part of the company's broader strategy to diversify its cash reserves and capitalize on the potential growth of the cryptocurrency market.

Year to date, KULR has achieved a remarkable Bitcoin yield of 167.3%. The company has leveraged a combination of surplus cash and its At-The-Market (ATM) equity program to fund these purchases. This impressive return on investment underscores the potential of Bitcoin as a viable investment option for companies seeking to diversify their cash reserves.

KULR's commitment to Bitcoin is a testament to the growing acceptance and integration of cryptocurrencies into the mainstream financial landscape. As more companies recognize the potential benefits of investing in Bitcoin, we can expect to see an increase in similar announcements from other corporations in the coming months and years.