Bitcoin
Bitcoin (BTC)
$83,545.00 0.4995
Bitcoin price
Ethereum
Ethereum (ETH)
$1,943.22 1.87516
Ethereum price
BNB
BNB (BNB)
$617.82 -3.54382
BNB price
Solana
Solana (SOL)
$126.55 0.94785
Solana price
XRP
XRP (XRP)
$2.31 0.98885
XRP price
Shiba Inu
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$0.0000126 -0.48136
Shiba Inu price
Pepe
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$0.0000073 4.30249
Pepe price
Bonk
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$0.0000108 0.51973
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dogwifhat
dogwifhat (WIF)
$0.480691 1.32509
dogwifhat price
Popcat
Popcat (POPCAT)
$0.193432 3.65183
Popcat price
Bitcoin
Bitcoin (BTC)
$83,545.00 0.4995
Bitcoin price
Ethereum
Ethereum (ETH)
$1,943.22 1.87516
Ethereum price
BNB
BNB (BNB)
$617.82 -3.54382
BNB price
Solana
Solana (SOL)
$126.55 0.94785
Solana price
XRP
XRP (XRP)
$2.31 0.98885
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.48136
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 4.30249
Pepe price
Bonk
Bonk (BONK)
$0.0000108 0.51973
Bonk price
dogwifhat
dogwifhat (WIF)
$0.480691 1.32509
dogwifhat price
Popcat
Popcat (POPCAT)
$0.193432 3.65183
Popcat price
Bitcoin
Bitcoin (BTC)
$83,545.00 0.4995
Bitcoin price
Ethereum
Ethereum (ETH)
$1,943.22 1.87516
Ethereum price
BNB
BNB (BNB)
$617.82 -3.54382
BNB price
Solana
Solana (SOL)
$126.55 0.94785
Solana price
XRP
XRP (XRP)
$2.31 0.98885
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.48136
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 4.30249
Pepe price
Bonk
Bonk (BONK)
$0.0000108 0.51973
Bonk price
dogwifhat
dogwifhat (WIF)
$0.480691 1.32509
dogwifhat price
Popcat
Popcat (POPCAT)
$0.193432 3.65183
Popcat price
Bitcoin
Bitcoin (BTC)
$83,545.00 0.4995
Bitcoin price
Ethereum
Ethereum (ETH)
$1,943.22 1.87516
Ethereum price
BNB
BNB (BNB)
$617.82 -3.54382
BNB price
Solana
Solana (SOL)
$126.55 0.94785
Solana price
XRP
XRP (XRP)
$2.31 0.98885
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -0.48136
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000073 4.30249
Pepe price
Bonk
Bonk (BONK)
$0.0000108 0.51973
Bonk price
dogwifhat
dogwifhat (WIF)
$0.480691 1.32509
dogwifhat price
Popcat
Popcat (POPCAT)
$0.193432 3.65183
Popcat price

KURL spends $10m buying more Bitcoin, holdings reach $60m

Jayson Derrick
Edited by
News
KURL spends $10m buying more Bitcoin, holdings reach $60m

KURL Technology Group increased its Bitcoin treasury by $10 million, reinforcing its strategy to accumulate the world’s top cryptocurrency as a reserve asset.

KURL bought 100 Bitcoin (BTC) for $10 million, scooping tokens for an average price of $103,905 per coin as announced by the company’s CEO and co-founder, Michael Mo.

Mo stated that KURL’s latest Bitcoin acquisition has expanded its total holdings to approximately 610 BTC, valued at $60 million, while Bitcoin traded below $99,000.

The energy company began accumulating Bitcoin in December, starting with a $21 million purchase. KURL has committed to allocating 90% of its excess cash reserves toward BTC acquisitions. Additionally, the company funds its Bitcoin strategy through equity sales via an at-the-market, offering, an accounting approach popularized by MicroStrategy to finance large Bitcoin purchases.

KURL’s Bitcoin strategy has introduced a new performance metric called BTC Yield, which measures the percentage difference between outstanding diluted shares and the company’s BTC holdings.

According to Mo, KURL’s BTC Yield has reached 167.3% year-to-date, delivering additional gains for shareholders and attracting more investors to participate in the company’s ATM program.