1 month ago
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.
The steadfast accrued its full bitcoin stash to astir $60 cardinal aft buying an further $10 cardinal worthy astatine an mean terms of $103,905 per bitcoin, according to the announcement.
This determination aligns with the company’s bitcoin treasury strategy, announced successful December 2024, wherever up to 90% of its surplus currency reserves are allocated to bitcoin.
The institution reported a BTC Yield of 167.3% year-to-date, utilizing surplus currency and its at-the-market (ATM) equity programme to money acquisitions. BTC Yield is simply a cardinal show indicator (KPI) utilized to measurement the percent alteration successful KULR’s Bitcoin holdings comparative to its afloat diluted shares outstanding.
Shares of KULR were down astir 2% successful premarket trading, aft jumping 28% connected Monday. Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk’s afloat AI Policy.
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