KULR Technology Group announced an additional $9 million in Bitcoin acquisitions for its Bitcoin Treasury, bringing total acquisitions to $78 million. These additional Bitcoin were acquired at a weighted average price of $103,234 per Bitcoin, inclusive of fees and expenses.
The company now holds 800.3 BTC, continuing its strategic move to align with its Bitcoin Treasury Strategy announced on December 4, 2024. This strategy involves committing up to 90% of its surplus cash reserves to Bitcoin.
Year-to-date, KULR has achieved a BTC Yield of 220.2%, 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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