US listed company KULR announces its Bitcoin financial strategy

KULR Technology Group, Inc. (NYSE American: KULR), a US-listed company, announced today that its board of directors has agreed to make Bitcoin its primary asset for its financial plan. KULR currently has over $12 million in cash on its balance sheet and any future cash surplus will be committed to allocating 90% to BTC. KULR's purchase of Bitcoin will be guided by market dynamics and expected cash flow needs. The company stated that it remains adaptable and can adjust its approach based on changing circumstances and strategic considerations.

According to reports, KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aviation, aerospace, and defense.