- January 6, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post KULR Expands Bitcoin Treasury by $21 Million, Achieves 93.7% BTC Yield appeared first on Coinpedia Fintech News
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. The new purchases were made at an average price of $98,393.58 per bitcoin, including fees and expenses.
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.
