According to Foresight News, KULR Technology Group, a US listed company, announced that its board of directors has agreed to use Bitcoin as the main asset in its financial plan. KULR has more than $12 million in cash on its balance sheet and has pledged to allocate 90% of its surplus cash to Bitcoin.
KULR, an energy management platform that provides energy storage solutions for space, aerospace and defense, said its bitcoin purchases will be guided by market dynamics and expected cash flow needs, with the ability to adapt and adjust its approach based on changing circumstances and strategic considerations.
