KULR Expands Bitcoin Holdings to 610 BTC, Reports 167% BTC Yield
KULR Technology Group (KULR) has further bolstered its bitcoin (BTC) portfolio, bringing its total holdings to 610.3 BTC, valued at approximately $60 million.
The company made a $10 million bitcoin purchase at an average price of $103,905 per BTC, reinforcing its strategy announced in December 2024. Under this strategy, KULR has committed to allocating up to 90% of its surplus cash reserves to bitcoin.
In its latest report, KULR revealed a BTC Yield of 167.3% year-to-date, achieved through the use of surplus cash and its at-the-market (ATM) equity program to fund acquisitions. The BTC Yield is a key performance indicator (KPI) for KULR, reflecting the percentage change in its bitcoin holdings relative to its fully diluted shares outstanding.
Following the announcement, KULR shares saw a nearly 2% decline in premarket trading, after a notable 28% surge on Monday.
