KULR Technology Group, Inc. (NYSE: KULR) introduced it has expanded its Bitcoin treasury to $101 million after buying roughly $10 million in further bitcoin at a median value of $108,884 per BTC.
The corporate’s whole bitcoin holdings have risen to 1,021 BTC, according to its Bitcoin treasury technique launched in December 2024, which commits as much as 90% of surplus money reserves to bitcoin as a main treasury asset.
“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin,” stated the CEO of KULR Michael Mo. “The price cycles, however, will remain unpredictable, hash rate is volatile, and even energy markets can shift rapidly… In contrast, a dual-pronged model allows KULR to capture the greater margin, whether from hash price, coin price, or both, all while strengthening our treasury resiliency.”
Yr to this point, KULR studies a BTC yield of 291.2%, reflecting the expansion in bitcoin per share by a mixture of surplus money, a Coinbase credit score facility, and its at-the-market (ATM) fairness program. The corporate’s BTC acquire stands at 633 BTC, valued at over $70 million, with a a number of of web asset worth (mNAV) of two.24.
“BTC Yield is calculated as the percentage change period-to-period in the ratio of the Company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding,” the corporate acknowledged. “This KPI helps assess the effectiveness of KULR’s bitcoin acquisition strategy in a manner KULR believes drives shareholder value.”
“The trading price of KULR’s common stock is influenced by multiple factors beyond bitcoin holdings, and BTC Yield does not predict or reflect the stock’s market value,” KULR stated. “Investors should consider this metric as a supplementary tool and refer to the Company’s financial statements and SEC filings for additional information about the Company’s financial position.”
The announcement comes in the future after KULR revealed the profitable deployment of three,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This improve brings KULR’s whole Bitcoin mining capability to 750 petahash per second (PH/s), with a goal of reaching 1.25 exahash per second (EH/s) by late summer season.
“We view our Bitcoin holdings as long term holdings and expect to continue to accumulate bitcoin,” KULR acknowledged in its submitting. “We have not set any specific target for the amount of Bitcoin we seek to hold.”
