KULR Technology Group Announces Bitcoin Treasury Strategy, Allocating Up to 90% of Surplus Cash to Bitcoin

KULR Technology Group (KULR) has announced the purchase of 217.18 Bitcoin for about $21 million as part of their Bitcoin Treasury strategy, which aims to allocate up to 90% of their excess cash to Bitcoin. The company, known for its advanced energy management platforms, especially in space, aerospace, and defense, made this purchase through Coinbase’s Prime platform for custody and wallet services. This move, aligns with KULR's focus on energy storage solutions, and could have significant implications for its stakeholders.