Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
KULR acquires another 100 bitcoin for $10 million as its total holdings reach 610 BTC
.
KULR Technology Group has acquired another 100 BTC for approximately $10.4 million at an average price of $103,905 per bitcoin, inclusive of fees and expenses, according to an 8-K filing with the Securities and Exchange Commission on Tuesday.
The company now holds a total of 610.3 BTC, worth nearly $60 million at current prices, acquired at an average price of $98,312 per bitcoin, according to KULR CEO Michael Mo.
These latest acquisitions align with KULR’s bitcoin treasury strategy announced on Dec. 4, 2024, committing up to 90% of its surplus cash reserves to be held in bitcoin, the firm said in a statement.
KULR specializes in thermal management solutions designed to improve the safety and efficiency of energy storage systems, especially for lithium-ion batteries. It is also among an increasing number of firms looking to emulate Strategy's (formerly MicroStrategy) bitcoin acquisition playbook, alongside Semler Scientific, Metaplanet and Japanese game maker Gumi, among others.
Like those firms, KULR uses a key performance indicator known as BTC Yield to assess the effectiveness of its bitcoin acquisition strategy in driving shareholder value. BTC Yield represents the percentage change period-to-period of the ratio between KULR’s bitcoin holdings and its assumed diluted shares outstanding. Year-to-date, KULR said it has achieved a BTC Yield of 167.3%, leveraging a combination of surplus cash and its at-the-market equity program to fund purchases.
KULR’s stock closed up more than 28% on Monday and is currently up 0.4% in pre-market trading on Tuesday, according to TradingView.
KULR/USD price chart. Image: TradingView.
On Monday, Strategy resumed its bitcoin buying spree after a single week's pause, announcing it had acquired an additional 7,633 BTC for approximately $742.4 million at an average price of $97,255 per bitcoin between Feb. 3 and Feb. 9.
The company now holds 478,740 BTC, worth over $46 billion, having acquired more than $20 billion worth in its prior 12-week acquisition streak alone.
#GT Trump #News #Gate.io Has Officially Partnered with Oracle Red Bull Racing #BTC Market Trend Analysis #Join Content Creators Challenge & Win $3,000 #BTC