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.
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.
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.
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.
The Securities and Exchange Commission Chairman, Paul Atkins, proposes an “innovation exception” to promote the…
XRP has exploded past its previous all-time high of $3.40, reaching $3.65, a big move…
Cardano is staging a powerful recovery, breaking through key resistance levels with renewed bullish momentum.…
The recent market resurgence has pushed meme coins into the spotlight, with several projects seeing…
A recent post by an anonymous Twitter user @TOOFAANARMY alleges that WazirX, one of India’s…
Nigeria usually ranks among the top countries in terms of crypto adoption. The country that…