KULR Technology Group Announces Bitcoin as Primary Treasury Reserve Asset Amid $12 Million Cash Balance

On December 4th, KULR Technology Group, Inc. (NYSE American: KULR), a prominent US-listed firm, made a decisive move by announcing that it will designate Bitcoin as its primary treasury reserve asset. This strategic decision comes as KULR currently holds over $12 million in cash on its balance sheet. In anticipation of future cash flows, the company plans to allocate approximately 90% of its surplus cash towards BTC investments. KULR emphasized that its approach to Bitcoin acquisitions will be dictated by prevailing market dynamics as well as anticipated cash requirements. Demonstrating adaptability, the company expressed its ability to recalibrate its strategies in response to changing conditions and overarching objectives. KULR stands out as an energy management platform that delivers innovative storage solutions across sectors such as space, aerospace, and defense.