TL;DR
- KULR Technology Group has acquired 100 bitcoins for $10.4 million, increasing its holdings to a total of 610.3 BTC.
- The company’s strategy is to allocate up to 90% of its surplus cash reserves to the acquisition of BTC, showing confidence in its long-term potential.
- KULR uses the BTC Yield indicator to measure the success of its strategy. It has achieved a return of 167.3% to date.
KULR Technology Group continues to deepen its treasury strategy. The firm has acquired another 100 Bitcoins for approximately $10.4 million.
This purchase adds to its current holdings, reaching a total of 610.3 BTC, which is worth close to $60 million at the current market price. The acquisition was made at an average price of $103,905 per BTC.
This move is part of the strategy KULR announced in December 2024, which aims to allocate up to 90% of its surplus cash reserves to Bitcoin acquisition. This strategy seeks to strengthen the company’s position in the cryptocurrency market and demonstrates its full confidence in Bitcoin’s long-term potential as a store of value amid economic uncertainties.
KULR Achieves 167% Return According to BTC Yield
KULR uses an indicator known as BTC Yield to measure the success of its acquisition strategy. This index calculates the percentage change in the ratio between the company’s BTC holdings and its diluted outstanding shares. According to the latest data, KULR has achieved a BTC Yield of 167.3%, indicating that its strategy has been effective so far. The company has funded these purchases through a combination of surplus cash and its at-the-market equity program.
This trend of accumulating BTC is not exclusive to KULR. Companies such as Semler Scientific. Metaplanet, and Gumi have also adopted similar strategies. Following the example of Strategy (formerly MicroStrategy), which has been a pioneer in this approach. These companies seek not only to diversify their assets but also to position themselves at the forefront of crypto investments.
KULR’s interest in Bitcoin is not solely driven by speculative motives. It is also part of its strategy to ensure financial stability through the adoption of digital assets. Other large companies, such as Strategy, have also significantly increased their Bitcoin reserves in the past week
