BlockBeats news, on December 4th, KULR Technology Group, Inc. (NYSE American: KULR), a publicly listed company in the US stock market, announced today that its board has agreed to make Bitcoin a primary asset in its financial plan.
KULR currently has over $12 million in cash on its balance sheet, and will also have cash surpluses in the future. Therefore, KULR is committed to allocating 90% of its surplus cash to BTC. KULR's purchases 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. KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aerospace, and defense.
