KULR Expands Bitcoin Holdings to 610 BTC, Reports 167% BTC Yield
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.
The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement.
This move aligns with the company’s bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.
The company reported a BTC Yield of 167.3% year-to-date, using surplus cash and its at-the-market (ATM) equity program to fund acquisitions. BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding.
Shares of KULR were down nearly 2% in premarket trading, after jumping 28% on Monday.
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