KURL spends $10m buying more Bitcoin, holdings reach $60m

Kurl Technology Group has increased its Bitcoin Treasury by $ 10 million, strengthening its strategy to accumulate the best global cryptocurrency as a reserve ratio.

Kurl bought 100 bitcoin (BTC) For $ 10 million, collecting tokens for an average price of $ 103,905 per room like announcement By the CEO and co-founder of the company, Michael Mo.

Mo said that the latest Kurl Bitcoin acquisition had extended its total assets to around 610 BTC, worth $ 60 million, while Bitcoin exchanged below $ 99,000.

The energy company began to accumulate Bitcoin in December, starting with a purchase of $ 21 million. Kurl has undertaken to allocate 90% of its excess cash reserves to BTC acquisitions. In addition, the company finances its Bitcoin strategy thanks to actions sales via a market, offering, an accounting approach popularized By microstrategy to finance major Bitcoin purchases.

Kurl’s Bitcoin strategy has introduced a new performance metric called BTC Yield, which measures the difference in percentage between the actions diluted in circulation and the assets of the BTC company.

According to Mo, the KURL BTC return has reached 167.3% up to date, providing additional gains to shareholders and attracting more investors to participate in the company’s ATM program.