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Nidhi Kolhapur
Nidhi Kolhapur
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Jan 06, 2025 14:26 UTC
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KULR Expands Bitcoin Treasury by $21 Million, Achieves 93.7% BTC Yield
KULR expands Bitcoin Treasury with $21M purchase, bringing total holdings to $42M, aligning with its 90% cash reserve strategy.
KULR introduces "BTC Yield" KPI, tracking Bitcoin holdings growth, as it funds purchases using surplus cash and ATM equity program.
In a latest development, KULR, a leader in advanced energy management platforms, today announced a significant expansion of its Bitcoin Treasury. The Company has increased its bitcoin purchases for its Bitcoin Treasury by an additional $21 million. This brings its total acquisitions to $42 million.
KULR Expands Bitcoin Treasury with $21 Million Purchase
This latest round of purchases was made at an average price of $98,393.58 per Bitcoin, including fees and expenses. This expansion aligns with KULR’s previously announced Bitcoin Treasury Strategy, which was unveiled on December 4, 2024. Under this strategy, the company committed to holding up to 90% of its surplus cash reserves in Bitcoin.
This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held in Bitcoin.
BTC Yield: A New Key Performance Indicator for Investors
Notably, KULR has introduced “BTC Yield” as a key performance indicator (KPI) to track its Bitcoin Treasury strategy. This metric measures how much the company’s bitcoin holdings per share increase, providing investors with a clear view of the impact of its bitcoin purchases.
Funding Bitcoin Purchases Through Surplus Cash and ATM Equity Program
The company revealed that From December 2024 to January 4, 2025, KULR has achieved a BTC Yield of 93.7%, funding its bitcoin purchases using surplus cash and its At-The-Market (ATM) equity program. With this move, KULR continues to position itself at the forefront of cryptocurrency adoption, by offering a unique way for investors to engage with the company’s financial growth.
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