In a latest development, KULR, a leader in advanced energy management platforms, today announced a significant expansion of its Bitcoin Treasury. The Company has increased its bitcoin purchases for its Bitcoin Treasury by an additional $21 million.
This brings its total acquisitions to $42 million. The new purchases were made at an average price of $98,393.58 per bitcoin, including fees and expenses.
This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to 90% of its surplus cash reserves to be held 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 increase, providing investors with a clear view of the impact of its bitcoin purchases.
The company revealed that From December 2024 to January 4, 2025, KULR has achieved a BTC Yield of 93.7%, funding its bitcoin purchases using surplus cash and its At-The-Market (ATM) equity program.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed