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CoinGape 2025-01-06 16:39:41

KULR Increases Bitcoin Treasury To $42M As BTC Yield Reaches 93%

KULR Technology Group Inc. has reported an expansion to its Bitcoin Treasury, adding an additional $21m through acquisitions. This takes the company’s Bitcoin holding value to $42 million. The purchases were done at an average price of $98,393.58 per Bitcoin inclusive of fees and expenses. KULR Adds $21M In BTC, Achieves 93.7% BTC Yield With Bitcoin Treasury Strategy KULR has added another $21 million worth of Bitcoin to its Bitcoin Treasury. This takes its Bitcoin buys to $42m, in line with the firm’s policy of putting up to 90% of excess cash into Bitcoin. The purchases were made with the use of cash balances and the company’s At-The-Market (ATM) equity offering programme. The company introduced BTC Yield as a key performance indicator to track the growth of Bitcoin holdings per share. From its initial purchases in December 2024 to January 2025, KULR achieved a BTC Yield of 93.7%. This metric evaluates the increase in Bitcoin holdings relative to its fully diluted shares, offering investors an innovative transparency tool. As more institutions invested in BTC, MicroStrategy bought 1,070 BTC for $101 million at an average of $94,004 per BTC in its ninth purchase in nine weeks. The company now owns 447,470 BTC bought for $27.97 billion which makes it the largest publicly traded bitcoin holder. Bitcoin Strategy and Investor Considerations KULR Bitcoin Treasury strategy focuses on increasing shareholder value through disciplined financial management. BTC Yield serves as a supplementary indicator, providing insights into the company’s Bitcoin acquisition growth. However, this metric does not reflect operating performance or stock price predictions. Investors review KULR’s financial statements and SEC filings for a comprehensive understanding of its financial position. Despite the volatility of BTC price, KULR remains committed to its strategy, viewing Bitcoin as a core component of its treasury program. This approach aligns with its long-term vision to diversify its asset holdings and leverage Bitcoin potential as a store of value. These developments come amid Bitcoin price reclaiming the $100,000 mark, fueled by a weakening US dollar. The US Dollar Index (DXY) has entered a demand zone, boosting bullish sentiment in the cryptocurrency market. Analysts predict this breakout could drive sustained momentum for Bitcoin, propelling it to uncharted price levels. This recovery highlights a growing interest in BTC as a store of value. The post KULR Increases Bitcoin Treasury To $42M As BTC Yield Reaches 93% appeared first on CoinGape .

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