Kulr Technology Group increases Bitcoin stocks by $ 5 million: total investments reach 65 million USD with a focus on long-term shareholder value

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Von: Krypto News Österreich

KULR Technology Group erwirbt Bitcoin im Wert von 5 Millionen USD KULR Technology Group, Inc., ein in Houston ansässiges Unternehmen für Energieverwaltung, hat am Dienstag bekannt gegeben, dass es Bitcoin im Wert von 5 Millionen USD für seine Unternehmensschatzkammer erworben hat. Durch diesen Kauf erhöht sich der Gesamtwert der Bitcoin-Bestände auf 65 Millionen USD. Details zum Bitcoin-Kauf Das Unternehmen erwarb die Bitcoin zu einem gewichteten Durchschnittspreis von 88.824 USD pro Münze, einschließlich anfallender Gebühren. Insgesamt besitzt KULR nun 668,3 Bitcoin. Dieser Kauf steht im Einklang mit KULRs strategischen Zielen, bis Dezember 2024 bis zu 90 % der überschüssigen Barreserven in …
Kulr Technology Group acquires Bitcoin worth 5 million USD Kulr Technology Group, Inc., a Houston -based company for energy administration, announced on Tuesday that Bitcoin worth 5 million USD for its company treasury. This purchase increases the total value of the Bitcoin stocks to $ 65 million. Details on buying Bitcoin The company acquired Bitcoin at a weighted average price of $ 88,824 per coin, including charges. In total, Kulr now has 668.3 Bitcoin. This purchase is in line with Kulr's strategic goals, up to 90 % of the excess barres reserves in ... (Symbolbild/KNAT)

Kulr Technology Group acquires Bitcoin worth 5 million USD

KULR Technology Group, Inc., a Houston -based company for energy management, announced on Tuesday that it acquired Bitcoin worth 5 million USD for its company treasury. This purchase increases the total value of the Bitcoin stocks to $ 65 million.

Details about buying Bitcoin

The company acquired Bitcoin at a weighted average price of $ 88,824 per coin, including charges. In total, Kulr now has 668.3 Bitcoin. This purchase is in line with Kulr's strategic goals to invest up to 90 % of excess barres reserves in Bitcoin by December 2024.

BTC return and corporate strategy

To date, Kulr has a BTC return of 181.1 %. This proprietary key figure measures the ratio of Bitcoin stocks to the assumed fully watered outstanding stocks. The company emphasizes that this KPI reflects the effectiveness of its Bitcoin acquisition strategy to increase the shareholder value, but points out that it is not a direct degree of financial return or liquidity.

Important note for investors

Kulr pointed out that the BTC return is not the more comprehensive financial situation or the company's share performance. The stock prices can be influenced by a variety of factors that go beyond the Bitcoin stocks. Therefore, Kulr recommends consulting the official financial reports for detailed insights.

background and core business of Kulr

founded in 2013, Kulr specializes in heat and energy management solutions and serves several sectors, including aerospace, electric vehicles and infrastructure for artificial intelligence. The company's Bitcoin strategy runs in parallel to its core business initiatives, which include innovations in the field of battery safety and sustainability.

Kulr confirms his commitment to disciplined financial management and emphasizes that the Bitcoin treasure strategy aims to reconcile the long-term shareholder value with the company's needs. In addition, the company has no debts in connection with its cryptocurrency acquisitions.

Overall, Kulr's strategy shows that the company endeavors to maintain both the interests of its shareholders and to offer innovative solutions in the rapidly developing world of energy and heat management.