KULR Technology Group (KULR) has made a significant move in the cryptocurrency market by expanding its Bitcoin (BTC) holdings to a total of 610.3 BTC. This strategic decision comes as the firm has invested an additional $10 million in Bitcoin, bringing its total cryptocurrency assets to approximately $60 million. The recent purchases were made at an average price of $103,905 per Bitcoin, as announced by the company.
This acquisition is part of KULR’s broader bitcoin treasury strategy, which was unveiled in December 2024. Under this framework, the company plans to allocate up to 90% of its surplus cash reserves to Bitcoin, underscoring its commitment to leveraging the cryptocurrency for long-term growth.
Notably, KULR does not just buy Bitcoin; it has also reported an impressive BTC Yield of 167.3% year-to-date. This yield is derived from the company’s surplus cash, along with its at-the-market (ATM) equity program, which is utilized to fund these acquisitions. The BTC Yield serves as a key performance indicator (KPI) for measuring the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding, illustrating the firm’s proactive approach to asset management.
However, despite these positive developments, shares of KULR saw a decrease of nearly 2% in premarket trading, following a noteworthy 28% surge on Monday. This fluctuation highlights the volatility often associated with cryptocurrency investments and stock performance in related sectors.
As KULR continues to expand its Bitcoin holdings and strengthen its treasury strategy, investors and stakeholders will be watching closely to see how these moves impact the company’s overall performance in the ever-evolving digital currency landscape.
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