TechFlow news — On December 4, KULR Technology Group (NYSE: KULR), a publicly traded company on the New York Stock Exchange, announced that its board of directors has approved including Bitcoin as a principal asset in its financial strategy.
The company currently holds over $12 million in cash and commits to allocating up to 90% of its excess cash reserves to Bitcoin. KULR CEO Michael Mo stated that global adoption of Bitcoin is still in its early stages, and this strategy will strengthen the company's financial position.
KULR is a technology firm providing energy management solutions for aerospace and defense sectors.
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