KULR Technology Group Expands Bitcoin Holdings and Reports Strong BTC Yield
KULR Technology Group, Inc. (NYSE American: KULR), a company focused on leveraging Bitcoin as a core asset, has made significant progress in its Bitcoin Treasury Strategy. The company recently announced that it has increased its bitcoin holdings by acquiring an additional $10 million worth of Bitcoin. This brings the total value of its Bitcoin acquisitions to approximately $101 million. The new Bitcoin was purchased at a weighted average price of $108,884 per coin, including all fees and expenses. As a result, KULR now holds 1,021 BTC.
This strategic expansion aligns with the company’s commitment to allocating up to 90% of its surplus cash reserves to Bitcoin, as outlined in its Bitcoin Treasury Strategy announced on December 4, 2024. By increasing its Bitcoin holdings, KULR aims to enhance shareholder value through long-term growth and diversification of its financial assets.
Understanding BTC Yield as a Key Performance Indicator
One of the metrics used by KULR to measure the success of its Bitcoin Treasury Strategy is BTC Yield. Year-to-date, the company has achieved a BTC Yield of 291.2%. This figure reflects the percentage change in the ratio of KULR’s Bitcoin holdings to its Assumed Fully Diluted Shares Outstanding over a given period. The BTC Yield serves as a key performance indicator (KPI) that helps assess how effectively the company is growing its Bitcoin position.
BTC Yield is calculated based on the period-to-period changes in this ratio. It provides insight into the value-accretive actions taken by KULR, such as using surplus cash, its Coinbase credit facility, and its At-The-Market (ATM) equity program to fund Bitcoin purchases.
Additional Metrics: BTC Gain, BTC $ Gain, and mNAV
In addition to BTC Yield, KULR also tracks other important metrics to evaluate the performance of its Bitcoin holdings:
BTC Gain: This metric applies the BTC Yield to the company’s starting Bitcoin balance for a specific period. It shows the number of additional Bitcoins the company effectively generated through its acquisition strategy.
BTC $ Gain: This translates the BTC Gain into U.S. dollars by multiplying it by the Bitcoin price at the end of the period. It offers a clear view of the dollar value gained from Bitcoin purchases.
mNAV (Multiple of Net Asset Value): This is calculated as the company’s market capitalization divided by the product of the Bitcoin price and the number of Bitcoins held. It provides a way to compare the company’s market valuation relative to its Bitcoin holdings.
Important Considerations Regarding BTC Yield
While BTC Yield is a useful tool for assessing the effectiveness of KULR’s Bitcoin acquisition strategy, it should not be interpreted as a measure of overall operating performance or financial return. Unlike traditional yield metrics, BTC Yield does not account for the company’s liabilities or broader financial position.
It is also important to note that the trading price of KULR’s common stock is influenced by multiple factors beyond its Bitcoin holdings. Therefore, BTC Yield does not predict or reflect the stock’s market value. Investors are encouraged to use this metric as a supplementary tool and refer to the company’s financial statements and SEC filings for a comprehensive understanding of its financial health.
Commitment to Strategic Goals
KULR remains committed to its strategic goals of advancing shareholder value while maintaining disciplined financial management. The company continues to explore opportunities to grow its Bitcoin holdings and optimize its treasury strategy.
For more information about KULR Technology Group, Inc., visit their official website. Investors and stakeholders can also reach out through the company’s investor relations and media relations contacts.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements are based on current expectations, forecasts, and assumptions and may differ materially from actual results due to various factors. The company assumes no obligation to update the information provided in this release.
Investors interested in learning more about KULR can contact the company directly through the provided phone number and email address. For media inquiries, the company works with M Group Strategic Communications, which can be reached via the provided email.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. is a Bitcoin First Company that specializes in energy storage solutions for space, aerospace, and defense. The company leverages in-house battery design expertise, comprehensive testing capabilities, and production facilities to deliver cost-effective energy storage systems. Since late 2024, KULR has included Bitcoin as a primary asset in its treasury program, committing to allocate up to 90% of its excess cash to Bitcoin acquisitions.
