KULR Technology Group, a publicly traded company on the New York Stock Exchange, recently announced an intriguing financial strategy - incorporating Bitcoin into its primary asset allocation. 💼💰
The company currently holds over $12 million in cash and plans to use up to 90% of its surplus cash to purchase Bitcoin. KULR's CEO Michael Mo pointed out that the global acceptance of Bitcoin is still in its early stages, but this strategy is expected to enhance the company's financial position. 📈
As a technology company focused on energy management in the aerospace and defense sectors, KULR's move undoubtedly adds a fresh blockchain element to its future development. 🌐🚀