PANews reported on December 4 that KULR Technology Group, Inc. (NYSE American: KULR), a US listed company, announced today that its board of directors has agreed to use Bitcoin as the main asset of its financial plan. KULR currently has more than $12 million in cash on its balance sheet, and any cash surplus in the future, so KULR promises to allocate 90% of its surplus cash to BTC. KULR's purchase of Bitcoin will be guided by market dynamics and expected cash flow needs. The company said it remains adaptable and can adjust its approach based on changing circumstances and strategic considerations.

According to reports, KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aerospace and defense.