In a latest development, KULR is today a leader in advanced energy management platforms announced a significant expansion of its Bitcoin Treasury. The company has increased its bitcoin purchases for its Bitcoin Treasury by another $21 million.
This brings the total number of acquisitions to $42 million. The new purchases were made at an average price of $98,393.58 per bitcoin, including fees and charges.
This strategic move is in line with KULR’s Bitcoin Treasury strategy, announced on December 4, 2024, in which the company committed to holding up to 90% of its excess cash reserves in Bitcoin.
Notably, KULR has introduced “BTC Yield” as a Key Performance Indicator (KPI) to track its Bitcoin Treasury strategy. This metric measures how much the company’s bitcoin holdings per share are increasing, giving investors a clear picture of the impact of its bitcoin purchases.
The company revealed that KULR has achieved a 93.7% BTC return from December 2024 to January 4, 2025, funding its bitcoin purchases with excess cash and its At-The-Market (ATM) equity program.