KULR boosts Bitcoin holdings to 668 BTC, reports 181.1% yield
Kulr Technology Group added to its Bitcoin holdings for a total of 668.3 BTC after buying an additional value of $ 5 million in the cryptocurrency.
Business acquired Bitcoin (BTC) at an average price of $ 88,824 per BTC, including costs, as part of its current cash strategy.
The last purchase followed Kulr’s commitment in December 2024 To allocate up to 90% of its excess cash reserves in Bitcoin.
One year to date, the company has declared a return of 181.1% of BTC, a metric which it used to follow the percentage of variation of its Bitcoin holders compared to its actions entirely diluted in circulation.
CEO Michael Mo previously declared that Bitcoin adoption is a crucial element of Kulr’s strategy, reflecting a broader trend among companies using Bitcoin as an asset of the Treasury.
In addition, a growing number American states are considering the incorporation of Bitcoin in their treasury bills and their financial plans.
Kulr is a company specializing in energy and management storage solutions. According to Google, its current share of the share is $ 1.73 per share.
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