KULR Technology Doubles Bitcoin Treasury to $42 Million

By Bobby Samwell • Monday, January 06 15:23 • Permanent Link

KULR Technology Group, Inc. (NYSE American: KULR) made a significant expansion of its bitcoin treasury, increasing its bitcoin purchases by an additional $21 million to reach a total of $42 million in bitcoin acquisitions. These additional purchases were made at a weighted average price of $98,393.58 per bitcoin, inclusive of fees and expenses.

The company introduced "BTC yield" as a key performance indicator (KPI) for its bitcoin treasury strategy. From its initial bitcoin purchase in December 2024 to January 4, 2025, KULR achieved a BTC yield of 93.7%, leveraging a combination of surplus cash and its at-the-market (ATM) equity program to fund purchases.

KULR remains committed to its strategic goals of advancing shareholder value while adhering to disciplined financial management. The company's board of directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin.

This information was released on January 06, 2025. Today the company's shares have moved 3.8% to a price of $3.44. For more information, read the company's full 8-K submission here.

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