KULR (KULR) A leader in advanced energy management has acquired an additional $ 5 million worth of Bitcoin (BTC).
The latest purchase was made at an average price of $ 88,824 per year. Bitcoin, which increased the company’s total holdings to 668.3 BTC, per. Message from CEO Michael Mo. This step is in line with KULR’s Bitcoin Treasury strategy, which was first announced in December, which allows up to 90% of its Surplus cash reserves to be held in Bitcoin.
The company stack was purchased for about $ 65 million or an average price of $ 97,305 per year. Token. It’s worth just over $ 58 million for Bitcoin’s current award in the range $ 87,000.
Year to date, KULR has achieved a bitcoin yield of 181.1%according to MO, which uses a mixture of cash and its marketing (ATM) share program for financing acquisitions. The Bitcoin yield is a key production indicator (KPI) for the company, calculated by assessing the percentage change period over the period in the relationship between Bitcoin Holdings and Kulr’s assumed fully diluted outstanding shares. This metric reflects the company’s effectiveness in increasing the BTC exposure compared to shareholder dilution.
The KulR share deals with 3.5% higher in the pre-market session.
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