KULR Expands Bitcoin Holdings to $65M with Latest $5M Purchase

KULR (KULR) a person successful precocious vigor absorption has acquired an further $5 cardinal worthy of bitcoin (BTC), bringing its full bitcoin treasury holdings to $65 million, the company announced connected Tuesday. The latest acquisition was made astatine an mean terms of $88,824 per bitcoin, expanding the company’s full holdings to 668.3 BTC. This determination is successful enactment with KULR’s bitcoin treasury strategy, archetypal announced successful December, which allows for up to 90% of its surplus currency reserves to beryllium held successful bitcoin.

Year to date, KULR has achieved a bitcoin output of 181.1%, utilizing a premix of currency and its at-the-market (ATM) equity programme to money acquisitions. The bitcoin output is simply a cardinal show indicator (KPI) for the company, calculated by assessing the percent alteration play implicit play successful the ratio ofbBitcoin holdings to KULR’s assumed afloat diluted shares outstanding. This metric reflects the company's ratio successful expanding BTC vulnerability comparative to shareholder dilution.

KULR banal is trading 3.5% higher successful the pre-market session.

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