KULR Technology Group has increased its bitcoin holdings to 800.3 BTC, valued at $78 million, after purchasing an additional $9 million worth of the leading cryptocurrency.
KULR’s Bitcoin Strategy Yields 220%, Holdings Hit 800 BTC
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KULR Acquires Additional $9M in Bitcoin
According to the release shared with Bitcoin.com News, the company acquired the latest bitcoin purchase at a weighted average price of $103,234 per coin, including fees. This aligns with its December 2024 strategy to allocate up to 90% of surplus cash reserves to bitcoin.
KULR reported a 220.2% “ BTC Yield,” a metric it uses to measure the growth of its bitcoin holdings relative to its assumed fully diluted shares outstanding. The company emphasizes this as a key performance indicator, but cautions that it does not reflect overall financial health.
The BTC Yield calculation excludes liabilities and other financial factors, and KULR notes it should not be conflated with traditional yield metrics. The company’s stock performance remains subject to broader market conditions beyond its bitcoin holdings. Over the last six months, KULR shares have risen more than 250%.
KULR’s aggressive bitcoin accumulation highlights its high-risk treasury strategy, diverging from traditional corporate reserves. The 220% yield metric, while notable, leaves open questions about long-term sustainability amid bitcoin’s volatility and broader market uncertainties.
