Breaking Crypto Stock News: KULR (NYSE: $KULR) Expands Bitcoin Holdings to 510 BTC, Reports 127% BTC Yield; @KULRTech
Breaking Crypto Stock News: KULR (NYSE: $KULR)
Expands Bitcoin Holdings to 510 BTC, Reports 127% BTC Yield; @KULRTech
Houston,
TX - January 21, 2025 (Investorideas.com 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 $8 million to reach 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.
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
advertisement/ news disseminated on behalf of/issued on behalf of KULR
Technology Group, Inc.
Read this
news, featuring KULR in full at https://www.investorideas.com/news/2025/01211KULR-Expands-Bitcoin-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.
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 90% of its surplus cash to
the acquisition of bitcoin. For more information, please visit www.kulrtechnology.com.
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 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
KULR Technology Group, Inc. (NYSE:
KULR) is a featured renewable energy stock on Investorideas.com
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