KULR Know-how Group has deepened its Bitcoin dedication, buying 42 extra BTC and bringing its whole holdings to 716.2 BTC, the corporate introduced.
The vitality storage and administration agency mentioned it has spent roughly $69 million buying Bitcoin (BTC) at a mean worth of $96,342 per BTC.
The most recent funding follows KULR’s December 2024 announcement that it might allocate as much as 90% of its surplus money to Bitcoin.
On the time, the corporate held round $12 million in money reserves and cited monetary resilience and world Bitcoin adoption as core drivers behind the technique.
World acceptance of Bitcoin
CEO Michael Mo beforehand mentioned the transfer is a part of a broader effort to combine rising monetary applied sciences into KULR’s operations.
“We consider the rising world acceptance of Bitcoin continues to be in its early phases,” Mo acknowledged, pointing to governments, firms, and capital markets more and more embracing blockchain and crypto property.
This information comes as New Hampshire became the primary U.S. state to authorize its treasurer to take a position public funds in Bitcoin and different digital property.
Governor Kelly Ayotte signed a invoice permitting as much as 10% of state funds to be allotted to property like Bitcoin, supplied they meet strict standards together with a $500 billion market cap threshold.
KULR additionally reported a 197.5% BTC yield on the time, a proprietary metric monitoring the proportion change in its Bitcoin holdings relative to totally diluted shares..
