KULR Technology Group, Inc. announced The company has now increased the size of its Bitcoin vault to $101million after adding approximately $10 million worth of bitcoins at an average cost per BTC price point $108,884.
In line with expectations, total bitcoins held by the company have increased to 1 021 BTC. Bitcoin Treasury strategy, launched in December 20, 2024. Up to 90% surplus cash is committed to Bitcoin as the primary asset.
“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” Michael Mo, CEO of KULR. “The price cycles, however, will remain unpredictable, hash rate is volatile, and even energy markets can shift rapidly… In contrast, a dual-pronged model allows KULR to capture the greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency.”
KULR reported a BTC Yield of 291.2% for the year to date. The growth of bitcoin per share was a result of a mixture of cash surplus, a credit from Coinbase, and a coinbase credit. facilityIts at-the market (ATM), equity program. BTC gains for the company are 633 BTC valued at more than $70 million. This is a multiple (mNAV of 2) of its net asset value.
“BTC Yield is calculated as the percentage change period-to-period in the ratio of the Company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding,” According to the firm, “This KPI helps assess the effectiveness of KULR’s bitcoin acquisition strategy in a manner KULR believes drives shareholder value.”
“The trading price of KULR’s common stock is influenced by multiple factors beyond bitcoin holdings, and BTC Yield does not predict or reflect the stock’s market value,” KULR said. “Investors should consider this metric as a supplementary tool and refer to the Company’s financial statements and SEC filings for additional information about the Company’s financial position.”
This announcement is made one day after KULR revealed This upgrade brings KULR’s total Bitcoin mining capacity to 750 petahash per second (PH/s), with a target of reaching 1.25 exahash per second (EH/s) by late summer. The upgrade will bring KULR’s total Bitcoin-mining capacity up to 750 petahash/second (PH/s), and the goal is for it to reach 1.25 exahash/second (EH/s by late summer.
“We view our Bitcoin holdings as long term holdings and expect to continue to accumulate bitcoin,” KULR stated that in its filing. “We have not set any specific target for the amount of Bitcoin we seek to hold.”
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Source: bitcoinmagazine.com
