KULR Increases Bitcoin Reserves to 610 BTC, Achieving 167% Yield
Crypto/Finance
 Trade Crypto on eToro

KULR Increases Bitcoin Reserves to 610 BTC, Achieving 167% Yield

KULR Technology Group boosts its bitcoin holdings with a significant investment, highlighting the importance of BTC yield in its financial strategy.

Trade with eToro

Trade with eToro

Open an account

Trade on XM

Trade on XM

Open an account

Trade with XTB

Trade with XTB

Open an account

Key Highlights:

  • KULR has expanded its bitcoin holdings to 610.3 BTC.
  • The firm made an additional $10 million purchase at an average price of $103,095 per bitcoin.

KULR Technology Group has increased its bitcoin reserves to 610.3 BTC, bolstering its treasury to approximately $60 million through a recent investment.

This strategic move aligns with the company’s bitcoin treasury plan instituted in December 2024, allocating up to 90% of surplus cash reserves towards bitcoin.

KULR reported a 167.3% BTC Yield year-to-date, utilizing surplus funds and its at-the-market equity program for acquisitions. This yield serves as a critical performance metric for KULR’s bitcoin holdings relative to its shares outstanding.

Despite the positive news, KULR’s shares dropped nearly 2% in premarket trading after a 28% surge previously.

Next article

SEC and Binance Seek to Pause Proceedings, Aim for Quick Settlement

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!