US-listed company KULR increases its Bitcoin holdings by $10 million, bringing its total holdings to 610.3 coins

BlockBeats News, February 11, KULR Technology Group announced an additional purchase of $10 million worth of Bitcoin, with an average purchase price of $103,905 per BTC, bringing its total Bitcoin holdings to 610.3 BTC, equivalent to about $60 million.

The company's Bitcoin treasury strategy announced in December last year showed that up to 90% of excess cash reserves would be allocated to Bitcoin purchases. The company reported that its year-to-date BTC return on investment (percentage change in Bitcoin holdings calculated relative to fully diluted outstanding shares) reached 167.3%.