KULR Technology Group announced an additional $10 million in Bitcoin acquisitions for its Bitcoin Treasury, bringing total acquisitions to approximately $101 million. The additional Bitcoin were acquired at a weighted average price of $108,884 per Bitcoin, inclusive of fees and expenses.
The company now holds 1,021 BTC, a significant milestone in its Bitcoin Treasury Strategy, which was announced on December 4, 2024. KULR committed to allocating up to 90% of its surplus cash reserves to Bitcoin.
Year-to-date, KULR has achieved a BTC Yield of 291.2%, leveraging a combination of surplus cash, its recently announced Coinbase credit facility, and its At-The-Market (ATM) equity program to fund purchases. The company also introduced new key performance indicators, including BTC Gain, BTC $ Gain, and mNAV, to assess its Bitcoin acquisition strategy.
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