Kulr Technology Group, Inc. (Nyse: kulr) Declare The Bitcoin Treasury has expanded $ 101 million after obtaining about $ 10 million from additional bitcoin at an average price of $ 108884 per BTC.
Bitcoin Bitcoin’s total holdings rose to 1021 BTC, in line with the Bitcoin Treasury strategy launched in December 2024, which commit up to 90 % of excess cash reserves to Bitcoin as the origin of a primary wardrobe.
“Bitcoin has outperformed each of the main assets in 11 years of the past 14 years, and is often a large margin, however, price courses will remain unexpected, and the retail rate allows conjunction, and even energy markets can turn quickly, in contrast to prices, or what each price permitted, or whether that is from markets Hash, or at both prices, or at both prices, or at both prices, or at both prices, or at both prices, widen at both prices, in both prices, or flexibility. “
The year so far, Kulr reports on BTC’s return by 291.2 %, reflecting bitcoin growth per share through a mixture of cash, Coinbase credit facility, and market stock program (ATM). The company’s BTC profit number is 633 BTC, at a value of more than 70 million dollars, with a double asset value (MNAV) of 2.24.
“BTC’s return is calculated as a percentage of the change period to a period in the percentage of Bitcoin’s bitcoin to its supposed shares completely reduced,” the company said. “These major performance indicators help assess the effectiveness of the Kulr Bitcoin acquisition strategy in a way that Kulr believes the value of shareholders.”
Kuller said: “Kulr shared shares trading price is affected by multiple factors outside Bitcoin, and BTC does not predict the return or reflects the market value of the stock,” Kuller said. “Investors should consider this scale as a supplementary tool and refer to the company’s financial statements and SEC stadiums for additional information about the company’s financial mode.”
This announcement comes one day after Kulr revealed the successful publication of mining machines with 3,570 bitmain s19 xp 140t in Asnesion, Paraguay. This upgrade reaches the total capacity of Bitcoin mining in Kulr to 750 Petahash per second (PH/S), with the goal of reaching 1.25 Exhash per second (EH/S) by late summer.
“We look at our Bitcoin’s holdings as long -term holdings and expect to continue to assemble Bitcoin,” Kulr stated in his file. “We have not set any specific goal for the amount of Bitcoin that we seek to keep.”
The post KULR Technology Increases Bitcoin Holdings To $101 Million first appeared on Investorempires.com.
