KULR Know-how Group, Inc. (NYSE: KULR) introduced it has expanded its Bitcoin treasury to $101 million after buying roughly $10 million in further bitcoin at a median worth of $108,884 per BTC.
The corporate’s whole bitcoin holdings have risen to 1,021 BTC, according to its Bitcoin treasury technique launched in December 2024, which commits as much as 90% of surplus money reserves to bitcoin as a main treasury asset.
“Bitcoin has outpaced each main asset class in 11 of the final 14 years, usually by a major margin,” mentioned the CEO of KULR Michael Mo. “The value cycles, nonetheless, will stay unpredictable, hash fee is unstable, and even vitality markets can shift quickly… In distinction, a dual-pronged mannequin permits KULR to seize the better margin, whether or not from hash worth, coin worth, or each, all whereas strengthening our treasury resiliency.”
12 months up to now, KULR experiences a BTC yield of 291.2%, reflecting the expansion in bitcoin per share by means of a mixture of surplus money, a Coinbase credit score facility, and its at-the-market (ATM) fairness program. The corporate’s BTC achieve stands at 633 BTC, valued at over $70 million, with a a number of of internet asset worth (mNAV) of two.24.
“BTC Yield is calculated as the share change period-to-period within the ratio of the Firm’s bitcoin holdings to its Assumed Absolutely Diluted Shares Excellent,” the corporate acknowledged. “This KPI helps assess the effectiveness of KULR’s bitcoin acquisition technique in a fashion KULR believes drives shareholder worth.”
“The buying and selling worth of KULR’s frequent inventory is influenced by a number of elements past bitcoin holdings, and BTC Yield doesn’t predict or replicate the inventory’s market worth,” KULR mentioned. “Buyers ought to take into account this metric as a supplementary device and consult with the Firm’s monetary statements and SEC filings for extra details about the Firm’s monetary place.”
The announcement comes sooner or later after KULR revealed the profitable deployment of three,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This improve brings KULR’s whole Bitcoin mining capability to 750 petahash per second (PH/s), with a goal of reaching 1.25 exahash per second (EH/s) by late summer time.
“We view our Bitcoin holdings as long run holdings and count on to proceed to build up bitcoin,” KULR acknowledged in its submitting. “We’ve not set any particular goal for the quantity of Bitcoin we search to carry.”
