KULR Know-how Group, Inc. (NYSE: KULR) announced it has expanded its Bitcoin treasury to $101 million after buying roughly $10 million in further bitcoin at a mean value of $108,884 per BTC.
The corporate’s whole bitcoin holdings have risen to 1,021 BTC, consistent with its Bitcoin treasury technique launched in December 2024, which commits as much as 90% of surplus money reserves to bitcoin as a major 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 worth cycles, nonetheless, will stay unpredictable, hash price is unstable, and even vitality markets can shift quickly… In distinction, a dual-pronged mannequin permits KULR to seize the higher margin, whether or not from hash value, coin value, or each, all whereas strengthening our treasury resiliency.”
Yr thus far, KULR reviews 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 acquire 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 proportion 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 value of KULR’s widespread inventory is influenced by a number of elements past bitcoin holdings, and BTC Yield doesn’t predict or mirror the inventory’s market worth,” KULR mentioned. “Traders ought to take into account this metric as a supplementary device and check 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 season.
“We view our Bitcoin holdings as long run holdings and anticipate to proceed to build up bitcoin,” KULR acknowledged in its submitting. “We’ve got not set any particular goal for the quantity of Bitcoin we search to carry.”
