1 month ago
Energy absorption steadfast KULR (KULR) has expanded its bitcoin treasury to much than 800 tokens, with the acquisition an further $9 cardinal worthy of BTC.
The latest acquisition — made astatine an mean terms of $103,234 each — brings the full magnitude KULR has spent connected the cryptocurrency to $78 million.
This continues the company's treasury strategy archetypal announced successful December past year, nether which it committed to holding up to 90% of its surplus currency reserves successful bitcoin.
The Houston-based firm, which develops vigor retention systems for aerospace and defense, is measuring the occurrence of this pivot utilizing a BTC Yield metric.
That metric tracks the maturation successful the ratio of bitcoin holdings to the fig of shares outstanding, alternatively than existent dollar returns oregon revenue. So acold successful 2025, KULR says that ratio has jumped by 220, according to this morning's property release.
KULR’s shares are up 3.15% successful pre-market trading astatine $1.3.
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