PANews reported on February 11 that according to CoinDesk, KULR Technology, a New York Stock Exchange-listed company, has increased its Bitcoin holdings to 610.3. According to the announcement, the company purchased an additional approximately $10 million worth of Bitcoin at an average price of $103,905 per Bitcoin, increasing its total Bitcoin reserves to approximately $60 million. This move is in line with the company's Bitcoin financial strategy announced in December 2024, which is to allocate up to 90% of its remaining cash reserves to Bitcoin.
The company reported a 167.3% year-to-date return on its BTC, using excess cash and its at-the-market (ATM) share issuance program to fund the acquisition. KULR's stock fell nearly 2% in pre-market trading after rising 28% on Monday.
