The US-listed company KULR announced the implementation of a Bitcoin financial strategy, allocating 90% of its surplus cash to Bitcoin

ChainCatcher news, according to GlobeNewswire, NYSE-listed company KULR Technology Group (NYSE: KULR) announced that the board has agreed to include Bitcoin as a major asset in its financial plan.

The company currently holds over $12 million in cash and is committed to allocating up to 90% of its surplus cash to Bitcoin. KULR CEO Michael Mo stated that the global acceptance of Bitcoin is still in its early stages, and this strategy will strengthen the company's financial position.

KULR is a technology company that provides energy management solutions for the aerospace and defense sectors.