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A company that is changing the way the world mines bitcoin

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Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
coinpedia 2025-01-06 14:26:01

KULR Expands Bitcoin Treasury by $21 Million, Achieves 93.7% BTC Yield

KULR Expands Bitcoin Treasury by $21 Million, Achieves 93.7% BTC Yield

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.

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Market Cap
24h Vol
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277
Today News
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