US listed company KULR announces its Bitcoin financial strategy

KULR Technology Group, Inc. (NYSE American: KULR), a publicly traded company in the United States, announced today that its board of directors has agreed to include Bitcoin as the primary asset in its financial plan. KULR currently has over $12 million in cash on its balance sheet and any future cash surplus, therefore KULR has committed to allocating 90% of its surplus cash to BTC. The purchase of Bitcoin by KULR will be guided by market dynamics and expected cash flow demand. The company stated that it still has adaptability and is able to adjust its methods based on constantly changing circumstances and strategic considerations. It is reported that KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aerospace, and defense.