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KULR Technology Group, Inc. (NYSE: KULR) declared it has augmented its Bitcoin treasury to $101 million following the acquisition of around $10 million in extra bitcoin at an average cost of $108,884 per BTC.
The organization’s total bitcoin possessions have escalated to 1,021 BTC, consistent with its Bitcoin treasury plan initiated in December 2024, which allocates up to 90% of excess cash reserves to bitcoin as a primary treasury asset.
“Bitcoin has surpassed every significant asset class in 11 of the past 14 years, frequently by a considerable margin,” remarked KULR’s CEO Michael Mo. “The price cycles, however, will continue to be erratic, hash rate is unstable, and even energy markets can shift quickly… Alternatively, a dual-pronged approach enables KULR to seize a larger margin, whether from hash price, coin price, or both, while enhancing our treasury robustness.”
Year-to-date, KULR reports a BTC yield of 291.2%, showcasing the increase in bitcoin per share through a combination of surplus cash, a Coinbase credit facility, and its at-the-market (ATM) equity program. The firm’s BTC increase stands at 633 BTC, appraised at over $70 million, with a multiple of net asset value (mNAV) of 2.24.
“BTC Yield is determined as the percentage shift from period-to-period in the ratio of the Company’s bitcoin holdings to its Assumed Fully Diluted Shares Outstanding,” the firm conveyed. “This KPI aids in evaluating the effectiveness of KULR’s bitcoin acquisition strategy in a manner that KULR believes enhances shareholder value.”
“The trading price of KULR’s common stock is impacted by various factors beyond bitcoin holdings, and BTC Yield does not foresee or represent the stock’s market worth,” KULR stated. “Investors should regard this metric as an additional resource and consult the Company’s financial statements and SEC filings for further details concerning the Company’s financial standing.”
The announcement follows a day after KULR disclosed the triumphant deployment of 3,570 Bitmain S19 XP 140T mining devices in Asuncion, Paraguay. This enhancement raises KULR’s overall Bitcoin mining capacity to 750 petahash per second (PH/s), with a goal of achieving 1.25 exahash per second (EH/s) by late summer.
“We regard our Bitcoin possessions as long-term, and anticipate further accumulation of bitcoin,” KULR noted in its filing. “We have not established any specific goal for the volume of Bitcoin we aim to possess.”
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