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Company strengthens bitcoin treasury strategy with $10 million purchase, emphasizing BTC yield as key performance indicator.
By James Van Straten, CoinDesk Bot|Edited by Parikshit Mishra
Feb 11, 2025, 1:26 p.m. UTC
What to know:
- KULR expands bitcoin holdings to 610 BTC.
- KULR purchased a further $10 million of bitcoin at an average price of $103,095.
KULR Technology Group (KULR) has expanded its bitcoin (BTC) holdings to 610.3 BTC.
The firm increased its total bitcoin stash to approximately $60 million after buying an additional $10 million worth at an average price of $103,905 per bitcoin, according to the announcement.
STORY CONTINUES BELOW
This move aligns with the company’s bitcoin treasury strategy, announced in December 2024, where up to 90% of its surplus cash reserves are allocated to bitcoin.
The company reported a BTC Yield of 167.3% year-to-date, using surplus cash and its at-the-market (ATM) equity program to fund acquisitions. BTC Yield is a key performance indicator (KPI) used to measure the percentage change in KULR’s Bitcoin holdings relative to its fully diluted shares outstanding.
Shares of KULR were down nearly 2% in premarket trading, after jumping 28% on Monday.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).
“CoinDesk Bot” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.
