KULR Technology Group, a company specializing in energy storage and management solutions, has announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. The decision aligns with a growing trend of businesses using Bitcoin as a treasury asset. KULR's Bitcoin purchases will be influenced by market conditions and the company's cash flow needs. CEO Michael Mo emphasized that Bitcoin's global adoption and recognition as a strategic asset were key factors in the decision. The move represents a step toward integrating emerging financial technologies into KULR's business model and positions the company for growth in an evolving economic landscape.



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