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KULR Technology Group Inc. has dramatically increased its Bitcoin holdings purchasing an additional $8 million in Bitcoin bringing its total investment to $50 million. This acquisition was at an average price of $101695 per Bitcoin. KULR now proudly holds 510 BTC.
With a strategic commitment announced earlier this year KULR plans to allocate up to 90% of its surplus cash reserves into Bitcoin. This decision is part of an innovative Bitcoin Treasury Strategy that has yielded a remarkable 127% BTC Yield so far. The company leverages its financial resources effectively through this approach.
BTC Yield serves as a key performance indicator for KULR offering insights into its acquisition strategy. While this metric isn’t a traditional financial measure it is crucial for understanding how KULR maximizes shareholder value through strategic Bitcoin investments.
