KULR Technology Group has announced a new financial strategy with the purchase of 217.18 Bitcoin (BTC) worth approximately $21 million. This is the first step in the New York Stock Exchange-listed company's long-term investment plan in cryptocurrencies.

KULR has partnered with Coinbase Prime to provide self-custody wallet services and receive USDC. Chairman and CEO Michael Mo emphasized his belief in Bitcoin's long-term potential, seeing it as a hedge against inflation and macroeconomic challenges.

The trend of corporate investment in Bitcoin is on the rise, with companies such as Rumble and Genius Group adopting a similar strategy. 📈