KULR Technology Group announced an additional $8 million in Bitcoin purchases for its Bitcoin Treasury, bringing total acquisitions to $50 million. The additional purchases were made at a weighted average price of $101,695 per Bitcoin, inclusive of fees and expenses.
The company now holds 510 BTC, aligning with its Bitcoin Treasury Strategy announced on December 4, 2024, which committed up to 90% of its surplus cash reserves to Bitcoin. KULR uses 'BTC Yield' as a key performance indicator for its strategy.
Year-to-date, KULR has achieved a BTC Yield of 127%, leveraging a combination of surplus cash and its At-The-Market (ATM) equity program to fund these acquisitions. This metric assesses the effectiveness of KULR’s Bitcoin acquisition strategy in driving shareholder value.
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