KULR Technology Group, Inc. (NYSE American: KULR), a U.S.-listed company, announced today that its board of directors has agreed to make Bitcoin a primary asset in its financial plan. With more than $12 million in cash on its balance sheet and any future cash surplus, KULR has pledged to allocate 90% of its surplus cash to BTC. KULR's purchase of Bitcoin will be guided by market dynamics and expected cash flow needs. The company said it remains adaptable and is able to adjust its approach based on changing circumstances and strategic considerations.
According to reports, KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aerospace and defense.