KULR Technology Group Makes Significant Bitcoin Purchase of $21 Million, Reports High BTC Yield

On January 6, 2025, KULR Technology Group, Inc. (NYSE American: KULR) disclosed a notable development in a recent 8-K filing. The company announced that it had completed the purchase of 213.43 bitcoins on January 4, 2025, amounting to approximately $21 million. This purchase was made at a weighted average price of $98,393.58 per bitcoin, which included fees and expenses. Additionally, KULR highlighted that its BTC Yield, a key performance indicator, from the original bitcoin acquisition in December 2024 up to January 4, 2025, stood at an impressive 93.7%.

BTC Yield is an important metric utilized by KULR to evaluate the performance of its strategy in acquiring bitcoins in a manner believed to be beneficial for stockholders. This indicator assesses the percentage change period-to-period of the ratio between KULR’s bitcoin holdings and its Assumed Diluted Shares Outstanding. It is crucial to note that BTC Yield is not a measure of operational performance or financial liquidity. It does not signify a conventional “yield” in the financial context.

The trading price of KULR’s common stock is influenced by various factors besides its bitcoin holdings and the number of outstanding shares. Therefore, BTC Yield should not be viewed as indicative of the stock’s market value. KULR has emphasized that BTC Yield serves a specific purpose and is employed by management solely to evaluate if equity capital is used in a manner beneficial to stockholders concerning its bitcoin holdings.

KULR emphasized that the calculation of BTC Yield does not consider the source of capital used for bitcoin acquisition, widening its scope to include cash flow from operations and proceeds from financial activities, including equity offerings. The company underscored that past performance is not a guarantee of future outcomes and that BTC Yield does not offer any assurance or prediction regarding the stock’s price or business performance.

Notably, KULR has historically refrained from paying dividends on its common stock, and the presentation of BTC Yield does not imply any intentions regarding future dividend payments. The company urged investors to rely on its financial statements and SEC filings for comprehensive information, emphasizing that BTC Yield serves as a supplement, not a substitute, for understanding the company’s status, prospects, and potential.

This filing was delivered pursuant to regulatory requirements, and no official offer to sell or solicitation to buy KULR’s common stock was made. The company disclosed that information in this filing should not be considered “filed” for Exchange Act purposes and should not be incorporated by reference into future filings unless explicitly referenced.

On the same day, KULR released an official press release detailing the expansion of its Bitcoin Treasury with increased purchases totaling $42 million and reporting a BTC Yield of 93.7% from its recent acquisitions. This move aligns with KULR’s strategic commitment to utilizing surplus cash reserves for bitcoin purchases, aimed at enhancing shareholder value.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read KULR Technology Group’s 8K filing here.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.