Kulr (Kulr) A leader in Advanced Energy Management has earned an additional $ 5 million worth of Bitcoin (BTC).
The latest purchase is made at an average price of $ 88,824 per Bitcoin, increasing the company’s total handling to 668.3 BTC, per The announcement From CEO Michael Mo. This step is consistent with the approach to the Kulr treasury, which was first announced in December, giving up up to 90% of the excess cash reserves held in Bitcoin.
The company stack was purchased by about $ 65 million, or an average price of $ 97,305 per token. It only costs above $ 58 million in the current bitcoin price at $ 87,000 place.
Years to this day, Kulr has earned a Bitcoin harvest of 181.1%, according to MO, using a mix of cash and the Equity (ATM) equity program to fund the acquisitions. Bitcoin’s yield is a key indicator of performance (KPI) for the company, which is calculated by assessing the percentage change of percentage during the ratio of Bitcoin handling in the assumed fully melted sharing by Kulr. This scale reflects the company’s efficiency in increasing BTC exposure related to the seaming of the shareholder.
Kulr’s stock trades 3.5% above the pre-market session.
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