KULR Invests $10M More in Bitcoin, Achieves 167% Yield
KULR Expertise Group, Inc. a pacesetter in superior vitality administration platforms, in a latest announcement revealed that it has elevated its bitcoin purchases for its Bitcoin Treasury by an extra $10 million to succeed in a complete of roughly $60 million in bitcoin acquisitions.
The extra purchases have been made at a weighted common worth of $103,905 per bitcoin, inclusive of charges and bills. The Firm now holds 610.3 BTC.
KULR’s Bitcoin Treasury Technique
This transfer aligns with KULR’s Bitcoin Treasury Technique, introduced on December 4, 2024, the place the corporate pledged to carry as much as 90% of its surplus money reserves in bitcoin.
Moreover, Yr so far, KULR has achieved a BTC Yield of 167.3%, leveraging a mix of surplus money and its At-The-Market (ATM) fairness program to fund purchases. Notably, BTC Yield measures the change in KULR’s Bitcoin holdings in comparison with its complete shares excellent. KULR’s shares dropped almost 2% in premarket buying and selling, following a 28% enhance on Monday.
