U.S. Stock Market Listed Company KULR Announces Implementation of Bitcoin Financial Strategy

BlockBeats News, December 4th, the US-listed company KULR Technology Group, Inc. (NYSE American: KULR) announced today that its board of directors has agreed to adopt Bitcoin as its primary treasury reserve asset.

KULR currently has over $12 million in cash on its balance sheet and expects future cash inflows, therefore KULR has committed to allocate 90% of its surplus cash to BTC. KULR's purchases of Bitcoin will be guided by market dynamics and anticipated cash flow needs. The company stated that it remains flexible and is able to adjust its approach based on evolving circumstances and strategic considerations. KULR is an energy management platform that provides advanced energy storage solutions for space, aerospace, and defense.