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US-listed company KULR has announced its bitcoin financial strategy

KULR Technology Group, Inc. (NYSE American: KULR), a publicly traded U.S. company, announced today that its Board of Directors has agreed to include Bitcoin as a primary asset in its financial plan. KULR currently has more than $12 million in cash on its balance sheet and any future cash surpluses, so KULR commits to allocating 90% of its surplus cash to BTC. KULR's purchase of Bitcoin will be guided by market dynamics and anticipated cash flow needs. The company said it remains adaptable and able to adjust its approach to changing circumstances and strategic considerations. KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aerospace, and defense.