Betting on the Future of Bitcoin - Stocks add to their Crypto Holdings; Stocks Mentioned - (NYSE American: $KULR) @KULRTech, (NASDAQ: $MSTR), (NASDAQ: $MARA), (Nasdaq: $HUT) (TSX: $HUT.TO), (NASDAQ: $RIOT)
Betting on the
Future of Bitcoin - Stocks add to their Crypto Holdings; Stocks Mentioned -
(NYSE American: $KULR) @KULRTech, (NASDAQ: $MSTR), (NASDAQ: $MARA), (Nasdaq:
$HUT) (TSX: $HUT.TO), (NASDAQ: $RIOT)
January
22, 2025 - Investorideas.com, a
go-to investing platform covering renewable energy and crypto stocks releases a
snapshot of public companies increasing their digital holdings, featuring KULR
Technology Group, Inc (NYSE
American:KULR), a leader in advanced energy management
platforms.
As
the legitimacy of Bitcoin builds under a new Trump administration, several
public companies have joined the digital currency revolution.
Stocks
mentioned in this article include: MicroStrategy (NASDAQ:MSTR), MARA
Holdings, Inc. (NASDAQ: MARA), Hut 8
Corp. (Nasdaq HUT) ( TSX: HUT), Riot
Platforms, Inc. (NASDAQ: RIOT) .
KULR Technology Group, Inc (NYSE
American: KULR) adding on to its previous investments, just announced it has
increased the Company’s Bitcoin purchases for its Bitcoin Treasury by an
additional $8 million, reaching a total of $50 million in bitcoin acquisitions.
The additional purchases were made at a weighted average price of $101,695 per
bitcoin, inclusive of fees and expenses. The Company now holds 510 BTC.
From the news: This
strategic move aligns with KULR’s Bitcoin Treasury Strategy announced on
December 4, 2024, wherein the Company committed up to 90% of its surplus cash
reserves to be held in bitcoin.
This news is paid news dissemination for KULR Technology Group, Inc.
Read this in full
at https://www.investorideas.com/news/2025/cryptocurrency/01221Stocks-add-to-Crypto-Holdings.asp
BTC Yield as a Key Performance Indicator:
Year
to date, KULR has achieved a BTC Yield of 127%, leveraging a combination of
surplus cash and its At-The-Market (ATM) equity program to fund purchases.
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
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.
According
to GuruFocus,
“MicroStrategy (NASDAQ:MSTR) could
soon boost its Bitcoin (BTC) holdings if shareholders approve a proposal to
increase the company's authorized Class A common shares from 330 million to
10.3 billion. The vote, set for Jan. 21, aims to raise $2 billion through a
preferred stock offering to support the company's Bitcoin acquisition
strategy.”
“CEO
Michael Saylor, a longtime Bitcoin advocate, hinted at further purchases,
sharing a cryptic post on X that read, Things will be different tomorrow,
alongside a company portfolio tracker graph. As of Jan. 19, MicroStrategy's
Bitcoin holdings stand at 450,000 BTC, valued at $47.2 billion, according to
Bitcoin.com. Despite concerns about dilution, analysts expect the proposal to
pass, with Saylor controlling 47% of the voting power. If approved,
MicroStrategy could have more shares outstanding than NVIDIA (NVDA), Apple
(AAPL), Alphabet (GOOGL) and Amazon (AMZN).”
On
January 3rd, MARA Holdings, Inc. (NASDAQ: MARA), a
global leader in leveraging digital asset compute to support the energy
transformation, published unaudited BTC
production and miner installation updates for December 2024.
From the news: Management Commentary:
"In
December, we surpassed our year-end hash rate target of 50 EH/s while improving
our fleet efficiency to 20 J/TH," said Fred Thiel, MARA's chairman and
CEO. "We mined 249 blocks, the second most blocks in a month on record.
"Our
energized hash rate increased to 53.2 EH/s, a 15% improvement over November,
while BTC production declined 2% to 890 BTC, primarily due to a slight decrease
in luck. While some of our bitcoin and hash rate was acquired outside of our
own pool, MARAPool achieved an impressive annual hash rate growth of 168% in
2024, exceeding bitcoin's network growth rate of 49%. These results underscore
the substantial progress we've achieved in expanding our operations and
enhancing performance, further solidifying our leadership within the industry.
"In
2024, we acquired 22,065 BTC at an average price of $87,205 and mined an
additional 9,457 BTC. Our year-end BTC yield per diluted share was 62.7%.
Overall, we now own a total of 44,893 BTC, valued at $4.2 billion based on a
spot price of $93,354 per BTC. Of note, as of December 31, 2024, we had 7,377
BTC loaned to third parties generating additional return for our stakeholders.”
In
mid-December, Hut 8 Corp. (Nasdaq HUT) ( TSX: HUT) a leading, vertically integrated operator of
large-scale energy infrastructure and one of North America’s largest Bitcoin
miners, announced the
purchase of approximately 990 Bitcoin. The aggregate purchase price of the
acquired Bitcoin was approximately $100 million, or an average of approximately
$101,710 per Bitcoin.
From the news: Combined
with the Bitcoin held prior to this purchase, Hut 8’s strategic Bitcoin reserve
now totals 10,096 Bitcoin with a market value of more than $1 billion as of
December 18, 2024. Based on publicly available information, the Company
believes this positions it as one of the ten largest corporate owners of Bitcoin
in the world. The 10,096 Bitcoin held in reserve were acquired through low-cost
production and the strategic at-market purchase announced today for a realized
average cost of $24,484 per Bitcoin. The purchased Bitcoin will play a central
role in an innovative financing model for the Company’s previously announced
fleet upgrade.
On
January 6th, Riot Platforms, Inc. (NASDAQ: RIOT) an
industry leader in vertically integrated Bitcoin (“BTC”) mining, announced
unaudited production and operations updates for December 2024.
From the news: “Riot
mined 516 bitcoin in December, a 4% increase over the previous month, as we
continue increasing operational hash rate,” said Jason Les, CEO of Riot. “We
are pleased to share that we have finished installation of the final systems at
the Corsicana Facility, completing the first 400 MW development phase. While all
systems have been completed with miners installed, we are undertaking a
measured commissioning process to ensure power quality as part of our
commitment to being good stewards of the electrical grid, which has delayed
some hash rate from coming online.
“During
the year 2024, we increased our deployed hash rate by 155%, exceeding the
growth of the network hash rate which increased by 52% over the same period. As
a result, we mined, on an unaudited basis, a total of 4,828 bitcoin during 2024
at an all-in net power cost of 3.4c/kWh. Our mining operations and strategic
purchases made during the year resulted in Riot holding 17,722 bitcoin at the
end of 2024, representing a 141% increase in bitcoin held compared to the end
of 2023. This has led to a 39% increase in bitcoin held per fully-diluted Riot
share, or ‘bitcoin yield’, and represents a metric we will look to continuously
improve upon for the benefit of our shareholders going forward.”
With
Bitcoin prices reaching new highs, this corporate financial strategy is paying
off for the forward looking companies willing to take the risk of betting on
the digital currency revolution.
KULR Technology Group, Inc (NYSE
American: KULR) with its long history of sustainability
may have the potential for a deeper relationship in the future of digital
currency, as bitcoin miners look to more energy efficient solutions. For KULR,
it’s a win–win!
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