KULR Boosts Bitcoin Holdings to 610.3 BTC, Reports 167.3% Yield
1min read KULR Technology Group (KULR) has significantly expanded its bitcoin (BTC) holdings, increasing its total stash to 610.3 BTC. The firm's strategic move aligns with its bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.
The company purchased an additional $10 million worth of bitcoin at an average price of $103,905 per bitcoin, bringing its total investment to approximately $60 million. This acquisition was funded using surplus cash and the company's at-the-market (ATM) equity program.
KULR reported a BTC Yield of 167.3% year-to-date. 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. This impressive yield reflects the company's successful bitcoin investment strategy.
Shares of KULR were down nearly 2% in premarket trading, after jumping 28% on Monday. Despite the slight dip, the company's stock performance remains strong, reflecting investor confidence in its bitcoin treasury strategy.
KULR's expansion of its bitcoin holdings demonstrates the company's commitment to the cryptocurrency as a strategic asset. By allocating a significant portion of its cash reserves to bitcoin, KULR is positioning itself to benefit from the potential long-term growth and appreciation of the cryptocurrency.
