Listed company KULR Technology increases its Bitcoin holdings to 610.3 coins

According to CoinDesk, KULR Technology, a company listed on the New York Stock Exchange, has increased its Bitcoin holdings to 610.3. According to the announcement, the company purchased an additional $10 million worth of Bitcoin at an average price of $103905 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 that its BTC yield (Year to Date) was 167.3%, using remaining cash and its stock issuance plan in the market (ATM) to fund the acquisition. KULR's stock rose 28% on Monday, but fell nearly 2% in pre-market trading..