Kulr (Kulr) A leader in Advanced Energy Management has acquired an additional value of $ 5 million in Bitcoin (BTC).
The last purchase was made at an average price of $ 88,824 per Bitcoin, increasing the company’s total holdings to 668.3 BTC, according to the announcement of the CEO Michael Mo. This movement is in line with the Bitcoin of Kulr Treasury strategy, announced for the first time in December, which allows up to 90% of its surface cash reserves to be held in Bitcoin.
The company’s battery was bought for approximately $ 65 million, or an average price of $ 97,305 per Token. It is worth around $ 58 million at the current price of Bitcoin in the $ 87,000 area.
To date, Kulr has achieved a bitcoin yield of 181.1%, according to MO, using a combination of cash and its market capital program (ATM) to finance acquisitions. Bitcoin’s yield is a key performance indicator (KPI) for the company, calculated by evaluating the percentage period of exchange during the period in the relationship of Bitcoin Holdings to the assumed fully diluted Kulr actions in circulation. This metric reflects the company’s efficiency to increase BTC exposure in relation to the dilution of shareholders.
Kulr shares are quoted 3.5% higher in the session prior to the market.
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