KULR, Genius Group expand Bitcoin holdings
KULR Expertise Group and Genius Group Restricted, each publicly traded firms, have introduced vital will increase of their Bitcoin holdings as a part of their treasury methods.
KULR Expertise Group, headquartered in Houston, has raised its Bitcoin (BTC) treasury to 510 BTC with an extra $8 million buy.
The acquisitions, made at a mean worth of $101,695 per Bitcoin, carry the overall worth of KULR’s Bitcoin holdings to $50 million.
This transfer aligns with KULR’s December 2024 strategy to allocate as much as 90% of its surplus money reserves to Bitcoin. The corporate has achieved a year-to-date Bitcoin yield of 127%, utilizing this metric to measure efficiency relative to its excellent shares.
Genius Group
In the meantime, Singapore-based Genius Group has elevated its Bitcoin treasury to 420 BTC after a $5 million buy at a mean worth of $95,912 per Bitcoin.
Over three months, Genius Group has amassed $40 million in Bitcoin as part of its “Bitcoin-first” strategy, which commits at the very least 90% of its reserves to cryptocurrency.
The corporate plans to ultimately maintain $120 million in Bitcoin, funded by way of reserves, an ATM facility, and $19 million in crypto-backed loans from Arch Lending.
Each firms are positioning Bitcoin as a core asset of their monetary methods, signaling a broader development of company adoption of digital currencies.
