Key Takeaways
- KULR purchased 100 extra Bitcoin for $10.4 million at $103,905 per BTC.
- Its complete Bitcoin holdings now stand at 610.3 BTC, price almost $60M.
- KULR follows a Bitcoin treasury technique, allocating as much as 90% of surplus money.
In line with an 8-Okay submitting with the SEC on Tuesday, KULR acquired the Bitcoin at a median value of $103,905 per BTC, together with charges and bills.
At present market costs, its holdings are valued at almost $60 million, with an total common acquisition value of $98,312 per Bitcoin, KULR CEO Michael Mo confirmed.
Bitcoin technique
The corporate’s Bitcoin acquisition technique was introduced on Dec. 4, 2024, committing as much as 90% of its surplus money reserves to Bitcoin.
KULR, a agency specializing in thermal administration options for vitality storage methods, is following a technique just like that of Technique (previously MicroStrategy), Semler Scientific, Metaplanet, and Gumi in utilizing Bitcoin as a treasury asset.
Efficiency metrics
To judge its Bitcoin funding method, KULR tracks a metric referred to as BTC Yield, which measures the proportion change within the ratio of its Bitcoin holdings to diluted shares excellent.
Yr-to-date, KULR has achieved a BTC Yield of 167.3%, leveraging each surplus money and its at-the-market fairness program to fund purchases.
Inventory efficiency
KULR’s inventory surged over 28% on Monday and is presently up 0.4% in pre-market buying and selling, in accordance with TradingView.