bitcoin-usd/”>BITCOIN BONANZA: KULR’s Bitcoin Stash Just Got a Whole Lot Bigger 💸
A most intriguing development, dear reader…
- KULR has seen fit to expand its bitcoin holdings to a most impressive 610.3 BTC.
- And, if one may be so bold, the firm has purchased a further $10 million of bitcoin at an average price of $103,095.
It appears that KULR Technology Group (KULR) has taken a most prudent decision, expanding its bitcoin (BTC) holdings to a staggering 610.3 BTC.
This most recent acquisition brings the company’s total bitcoin stash to approximately $60 million, a sum no doubt derived from the purchase of an additional $10 million worth at an average price of $103,905 per bitcoin, as announced.
One cannot help but note that 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.
And, if one may be so bold, the company has reported a BTC Yield of 167.3% year-to-date, a most impressive feat, indeed. This, dear reader, is a testament to the company’s ability to utilize its surplus cash and at-the-market (ATM) equity program to fund acquisitions, all while measuring the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding.
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2025-02-11 16:44