KULR Technology Group announced an additional $5 million in Bitcoin purchases for its Bitcoin Treasury, bringing total acquisitions to $65 million. These additional purchases were made at a weighted average price of $88,824 per Bitcoin, inclusive of fees and expenses.
The company now holds 668.3 BTC, continuing its strategic move to align with its Bitcoin Treasury Strategy announced on December 4, 2024. This strategy involves allocating up to 90% of its surplus cash reserves to Bitcoin.
Year-to-date, KULR has achieved a BTC Yield of 181.1%, leveraging a combination of surplus cash and its At-The-Market (ATM) equity program to fund these acquisitions. This metric helps assess the effectiveness of KULR’s Bitcoin acquisition strategy in driving shareholder value.
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