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

2024-12-04 22:47:25

Collection

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.

(Source Link)

Related tags

KULR New York Stock Exchange

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.