KULR Technology Group, Inc. has increased its Bitcoin treasury to $101 million by acquiring $10 million in additional bitcoin at an average price of $108,884 per BTC. The company's total holdings now amount to 1,021 BTC, as part of a strategy that allocates 90% of surplus cash to bitcoin. Michael Mo, CEO, noted Bitcoin's impressive performance over years but cautioned about price unpredictability, which supports KULR's dual-pronged model to strengthen treasury resiliency. The year-to-date BTC yield stands at 291.2%, indicating substantial growth in value through various financial strategies.
KULR Technology Group, Inc. has expanded its Bitcoin treasury to $101 million after acquiring approximately $10 million in additional bitcoin at an average price of $108,884 per BTC.
Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant margin, according to KULR's CEO Michael Mo. He emphasized the unpredictability of price cycles and volatility in hash rates and energy markets.
KULR reports a BTC yield of 291.2%, indicating significant growth in bitcoin per share through its surplus cash and equity program.
Investors should consider BTC Yield as a supplementary tool, as it does not predict the stock's market value but helps assess the bitcoin acquisition strategy's effectiveness.
Collection
[
|
...
]