Kulr Technology Group (Kulr) expanded the handling of Bitcoin (BTC) to 610.3 BTC.
The firm has increased the total bitcoin stash to approximately $ 60 million after buying an additional $ 10 million cost at an average price of $ 103,905 per Bitcoin, according to the announcement.
This transition aligned with the company’s Bitcoin treasury approach, announced in December 2024, which up to 90% of excess cash reserves were allocated to Bitcoin.
The company reported a BTC yield of 167.3% year-to-date, using excess cash and the AT-the-Market (ATM) equity program to fund the acquisitions. BTC yield is a key indicator of performance (KPI) used to measure percentage change in KULR bitcoin handles associated with its fully melted shares.
Kulr shares dropped nearly 2% in premarket trading, after jumping 28% on Monday.
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