KULR Technology Group Inc. has disclosed a rise in their Bitcoin reserves, having invested an extra $21 million through acquisitions. Now, their total Bitcoin assets amount to $42 million. The transactions were executed at approximately $98,393.58 per BTC, taking into account all related costs and fees.
KULR Adds $21M In BTC, Achieves 93.7% BTC Yield With Bitcoin Treasury Strategy
KULR recently boosted its Bitcoin savings by purchasing an extra $21 million worth of Bitcoin, bringing their total Bitcoin investments to $42 million. This move follows the company’s plan to invest up to 90% of any excess cash into Bitcoin. The funds for these purchases came from leftover cash and KULR’s At-The-Market (ATM) equity program.
The company introduced “BTC Growth Rate per Share” as a significant performance measure to monitor the expansion of its Bitcoin assets. Between December 2024 and January 2025, KULR saw a BTC Growth Rate per Share of 93.7%. This indicator shows how much the Bitcoin holdings have grown in comparison to all outstanding shares (including those yet to be issued), providing investors with a cutting-edge transparency tool.
In recent weeks, MicroStrategy has made its ninth purchase of Bitcoin in a row, acquiring 1,070 Bitcoins for a total of $101 million. This means each Bitcoin cost them an average of $94,004. Now, the company owns a grand total of 447,470 Bitcoins, which they bought for approximately $27.97 billion. As a result, MicroStrategy is currently recognized as the largest publicly traded Bitcoin holder.
Bitcoin Strategy and Investor Considerations
The KULR Bitcoin Treasury approach prioritizes enhancing shareholder worth by exercising prudent fiscal governance. The BTC Yield figure offers additional insights regarding the company’s Bitcoin procurement expansion, but it doesn’t reveal operational performance or stock value forecasts. Instead, investors delve into KULR’s financial records and SEC disclosures to grasp its overall financial standing.
Regardless of the fluctuating value of Bitcoin (BTC), KULR stays steadfast in its strategy, regarding it as an essential element within its treasury program. This methodology corresponds with its long-term goal to expand its investment portfolio by tapping into Bitcoin’s potential as a valuable asset store.
As a crypto investor, I’m thrilled about the recent surge in Bitcoin’s price back above $100,000. This climb seems to be spurred by a softening US dollar, as indicated by the US Dollar Index (DXY) entering a demand zone, which is fueling optimism among analysts and investors alike. The bullish sentiment in the crypto market suggests that this breakout could sustain Bitcoin’s momentum, potentially pushing it to unprecedented price heights. This resurgence underscores a growing recognition of BTC as a valuable store of wealth.
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2025-01-06 19:49