KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.
The firm 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, according to the announcement.
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.
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.
Shares of KULR were down nearly 2% in premarket trading, after jumping 28% on Monday.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Source link
James Van Straten, CoinDesk Bot
https://www.coindesk.com/markets/2025/02/11/kulr-expands-bitcoin-holdings-to-610-btc-reports-167-btc-yield
2025-02-11 13:26:13
