KULR Expands Bitcoin Holdings to 610 BTC, Reports 167% BTC Yield
KULR Technology Group has expanded its Bitcoin Treasury with an additional $10 million investment, bringing total bitcoin acquisitions to $60 million. The company now holds 610.3 BTC, purchased at a weighted average price of $103,905 per bitcoin, including fees.
This expansion aligns with KULR's Bitcoin Treasury Strategy announced in December 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a BTC Yield of 167.3% year to date, achieved through a combination of surplus cash and its At-The-Market (ATM) equity program.
KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to assumed fully diluted shares outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.
KULR Technology Group ha ampliato il suo Tesoro Bitcoin con un ulteriore investimento di 10 milioni di dollari, portando le acquisizioni totali di bitcoin a 60 milioni di dollari. L'azienda ora detiene 610,3 BTC, acquistati a un prezzo medio ponderato di 103.905 dollari per bitcoin, comprese le commissioni.
Questa espansione si allinea con la Strategia del Tesoro Bitcoin di KULR annunciata a dicembre 2024, che ha impegnato fino al 90% delle riserve di liquidità in eccesso in partecipazioni in bitcoin. L'azienda riporta un rendimiento di BTC del 167,3% dall'inizio dell'anno, raggiunto attraverso una combinazione di liquidità in eccesso e del suo programma di equity At-The-Market (ATM).
KULR introduce il 'BTC Yield' come un indicatore chiave di performance, calcolato come la variazione percentuale nel rapporto tra le partecipazioni in bitcoin e le azioni totalmente diluite assunte. L'azienda sottolinea che il BTC Yield non dovrebbe essere interpretato come una misura della performance operativa, del ritorno finanziario, o della liquidità.
KULR Technology Group ha expandido su Tesorería de Bitcoin con una inversión adicional de 10 millones de dólares, llevando las adquisiciones totales de bitcoin a 60 millones de dólares. La empresa ahora posee 610,3 BTC, comprados a un precio medio ponderado de 103,905 dólares por bitcoin, incluyendo tarifas.
Esta expansión se alinea con la Estrategia de Tesorería de Bitcoin de KULR, anunciada en diciembre de 2024, que comprometió hasta el 90% de las reservas de efectivo en exceso a tenencias de bitcoin. La compañía informa un rendimiento de BTC del 167,3% hasta la fecha, logrado a través de una combinación de efectivo en exceso y su programa de equidad At-The-Market (ATM).
KULR introduce el 'BTC Yield' como un indicador clave de rendimiento, calculado como el cambio porcentual en la relación de tenencias de bitcoin a las acciones totalmente diluidas en circulación. La empresa enfatiza que el BTC Yield no debe interpretarse como una medida del rendimiento operativo, del retorno financiero o de la liquidez.
KULR Technology Group는 추가로 1천만 달러를 투자하여 비트코인 재무를 확장하였고, 총 비트코인 인수액은 6천만 달러에 이릅니다. 현재 회사는 수수료를 포함하여 비트코인당 103,905달러의 가중 평균 가격으로 구매한 610.3 BTC를 보유하고 있습니다.
이번 확장은 2024년 12월에 발표된 KULR의 비트코인 재무 전략과 일치하며, 잉여 현금 잔고의 최대 90%를 비트코인 보유에 할당하기로 약속하였습니다. 회사는 올해 지금까지 BTC 수익률 167.3%을 보고하였으며, 이는 잉여 현금과 시장 가격 기준(ATM) 주식 프로그램의 조합을 통해 달성되었습니다.
KULR는 비트코인 보유량과 가정된 완전 희석 주식의 비율 변화에 따른 %로 계산된 'BTC Yield'를 주요 성과 지표로 도입합니다. 회사는 BTC Yield가 운영 성과, 재무 수익 또는 유동성의 척도로 해석되지 않아야 한다고 강조합니다.
KULR Technology Group a élargi sa Trésorerie Bitcoin avec un investissement supplémentaire de 10 millions de dollars, portant les acquisitions totales de bitcoin à 60 millions de dollars. L'entreprise détient désormais 610,3 BTC, achetés à un prix moyen pondéré de 103 905 dollars par bitcoin, frais inclus.
Cette expansion s'inscrit dans la stratégie de Trésorerie Bitcoin de KULR annoncée en décembre 2024, qui engage jusqu'à 90 % des réserves de liquidités excédentaires dans des participations en bitcoin. L'entreprise rapporte un rendement BTC de 167,3 % depuis le début de l'année, obtenu grâce à une combinaison de liquidités excédentaires et de son programme d'actions At-The-Market (ATM).
KULR introduit le 'BTC Yield' comme un indicateur clé de performance, calculé comme le changement en pourcentage dans le ratio des participations en bitcoin par rapport aux actions totalement diluées. La société souligne que le BTC Yield ne doit pas être interprété comme une mesure de la performance opérationnelle, du retour financier ou de la liquidité.
KULR Technology Group hat seine Bitcoin-Treasury mit einer zusätzlichen Investition von 10 Millionen Dollar erweitert, wodurch die gesamten Bitcoin-Akquisitionen auf 60 Millionen Dollar steigen. Das Unternehmen hält nun 610,3 BTC, die zu einem gewichteten Durchschnittspreis von 103.905 Dollar pro Bitcoin, einschließlich Gebühren, erworben wurden.
Diese Expansion steht im Einklang mit der Bitcoin-Treasury-Strategie von KULR, die im Dezember 2024 angekündigt wurde und bis zu 90 % der überschüssigen Barmittel in Bitcoin-Holding investiert. Das Unternehmen berichtet von einer BTC-Rendite von 167,3% seit Jahresbeginn, die durch eine Kombination aus überschüssigen Barmitteln und seinem At-The-Market (ATM)-Aktienprogramm erreicht wurde.
KULR führt 'BTC Yield' als einen wichtigen Leistungsindikator ein, der als prozentuale Änderung im Verhältnis der Bitcoin-Holdings zu den angenommenen vollständig verwässerten ausstehenden Aktien berechnet wird. Das Unternehmen betont, dass BTC Yield nicht als Maß für die operative Leistung, die finanzielle Rendite oder die Liquidität interpretiert werden sollte.
- Significant bitcoin holdings of 610.3 BTC, representing $60 million in acquisitions
- 167.3% BTC Yield achieved year to date
- Strategic allocation of up to 90% of surplus cash to bitcoin
- Use of ATM equity program for bitcoin purchases may lead to shareholder dilution
- High exposure to volatile cryptocurrency market with 90% cash allocation to bitcoin
- Average purchase price of $103,905 per bitcoin indicates significant investment at peak prices
Insights
KULR's dramatic expansion of its Bitcoin Treasury marks a significant pivot in corporate strategy that warrants careful analysis. The investment of
Treasury Management Innovation: The introduction of 'BTC Yield' as a performance metric is notable, but potentially misleading. While the reported
Risk Considerations: Allocating up to
Financial Impact: The use of the ATM equity program to fund bitcoin purchases indicates a complex financial strategy that balances potential cryptocurrency gains against shareholder dilution. This approach raises questions about the company's ability to maintain adequate working capital for its core energy management business while pursuing this aggressive bitcoin strategy.
Strategic Implications: This move positions KULR as one of the more aggressive public companies in terms of bitcoin treasury allocation. While this could attract cryptocurrency-focused investors, it may also deter traditional investors who seek exposure to KULR's core technology business rather than cryptocurrency speculation.
HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leader in advanced energy management platforms, today announced it has increased its bitcoin purchases for its Bitcoin Treasury by an additional
This strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on December 4, 2024, wherein the Company committed up to
BTC Yield as a Key Performance Indicator
Year to date, KULR has achieved a BTC Yield of
KULR uses "BTC Yield" as a key performance indicator (KPI) for its Bitcoin Treasury strategy. BTC Yield is calculated as the percentage change period-to-period in the ratio of the Company’s bitcoin holdings to its assumed fully diluted shares outstanding. This KPI helps assess the effectiveness of KULR’s bitcoin acquisition strategy in a manner KULR believes drives shareholder value.
Important Considerations Regarding BTC Yield
BTC Yield is intended to provide insights into KULR’s bitcoin acquisition strategy but should not be interpreted as a measure of operating performance, financial return, or liquidity. It is not equivalent to traditional yield metrics, nor does it account for the Company’s liabilities or broader financial position.
The trading price of KULR’s common stock is influenced by multiple factors beyond its bitcoin holdings, and BTC Yield does not predict or reflect the stock's market value. Investors should consider this metric as a supplementary tool and refer to the Company’s financial statements and SEC filings for additional information about the Company’s financial position.
KULR remains committed to its strategic goals of advancing shareholder value while adhering to disciplined financial management.
For additional details, please visit www.kulrtechnology.com.
No Offer or Solicitation
This press release does not and shall not constitute an offer to sell or a solicitation of an offer to buy any securities of KULR Technology Group Inc., nor shall there be any offer, solicitation or sale of such securities, in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to
Safe Harbor Statement
This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely based on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
Phone: 858-866-8478 x 847
Email: ir@kulrtechnology.com
FAQ
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