PANews reported on January 6 that KULR Technology Group (NYSE American: KULR) announced that the company has increased its Bitcoin reserves to a total of $42 million, including an additional $21 million in Bitcoin purchases at an average price of $98,393.58 per coin (including fees). This is in line with the company's Bitcoin reserve strategy announced on December 4, 2024, which plans to use up to 90% of its remaining cash reserves for Bitcoin purchases.

In addition, the company introduced "BTC Yield" as a core performance indicator to evaluate the effectiveness of the Bitcoin reserve strategy. Since the first purchase of Bitcoin, as of January 4, 2025, the company has achieved a BTC yield of 93.7%.

This purchase corresponds to KULR Technology withdrawing 213.4 BTC from Coinbase Prime this morning, equivalent to approximately US$21 million .