KULR Increases Bitcoin Treasury To $42M As BTC Yield Reaches 93%

Ronny Mugendi
January 6, 2025
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Highlights

  • KULR increases Bitcoin holdings to $42M, funded by surplus cash and ATM equity program.
  • BTC Yield reaches 93.7%, measuring growth in Bitcoin holdings per share for investors.
  • Bitcoin reclaims $100K as US Dollar Index weakens, fueling bullish sentiment and growing interest in BTC.

KULR Technology Group Inc. has reported an expansion to its Bitcoin Treasury, adding an additional $21m through acquisitions. This takes the company’s Bitcoin holding value to $42 million. The purchases were done at an average price of $98,393.58 per Bitcoin inclusive of fees and expenses.

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KULR Adds $21M In BTC, Achieves 93.7% BTC Yield With Bitcoin Treasury Strategy

KULR has added another $21 million worth of Bitcoin to its Bitcoin Treasury. This takes its Bitcoin buys to $42m, in line with the firm’s policy of putting up to 90% of excess cash into Bitcoin. The purchases were made with the use of cash balances and the company’s At-The-Market (ATM) equity offering programme.

The company introduced BTC Yield as a key performance indicator to track the growth of Bitcoin holdings per share. From its initial purchases in December 2024 to January 2025, KULR achieved a BTC Yield of 93.7%. This metric evaluates the increase in Bitcoin holdings relative to its fully diluted shares, offering investors an innovative transparency tool.

As more institutions invested in BTC, MicroStrategy bought 1,070 BTC for $101 million at an average of $94,004 per BTC in its ninth purchase in nine weeks. The company now owns 447,470 BTC bought for $27.97 billion which makes it the largest publicly traded bitcoin holder.

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Bitcoin Strategy and Investor Considerations

KULR Bitcoin Treasury strategy focuses on increasing shareholder value through disciplined financial management. BTC Yield serves as a supplementary indicator, providing insights into the company’s Bitcoin acquisition growth. However, this metric does not reflect operating performance or stock price predictions. Investors review KULR’s financial statements and SEC filings for a comprehensive understanding of its financial position.

Despite the volatility of BTC price, KULR remains committed to its strategy, viewing Bitcoin as a core component of its treasury program. This approach aligns with its long-term vision to diversify its asset holdings and leverage Bitcoin potential as a store of value.

These developments come amid Bitcoin price reclaiming the $100,000 mark, fueled by a weakening US dollar. The US Dollar Index (DXY) has entered a demand zone, boosting bullish sentiment in the cryptocurrency market. Analysts predict this breakout could drive sustained momentum for Bitcoin, propelling it to uncharted price levels. This recovery highlights a growing interest in BTC as a store of value.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.