KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

KULR Technology Group's Strategic Move

HOUSTON, Dec. 04, 2024 – KULR Technology Group, Inc. (NYSE American: KULR), renowned for its advanced energy management platforms, has officially adopted Bitcoin (BTC) as a primary asset in its treasury strategy. With a robust balance sheet featuring over $12 million in cash, the company plans to allocate up to 90% of its surplus cash to Bitcoin.

Market-Driven Acquisition

KULR's approach to acquiring Bitcoin will be flexible, adapting to market dynamics and future cash flow needs. This strategy reflects the company's commitment to navigating evolving economic circumstances strategically.

CEO's Insights on Bitcoin's Potential

KULR's Chairman and CEO, Michael Mo, emphasized the importance of Bitcoin's growing acceptance. He stated, "We believe the growing global acceptance of bitcoin is still in its early stages. Companies, financial institutions, and governments are incorporating blockchain technology and BTC into their economic frameworks."

He believes that Bitcoin offers long-term appreciation and serves as a safeguard against geopolitical, inflationary, and macroeconomic challenges.

Legislative Support for Bitcoin

This year has seen increased acceptance of Bitcoin at the federal level, with proposals for a national strategic bitcoin reserve and discussions surrounding establishing a national bitcoin stockpile gaining traction.

About KULR Technology Group Inc.

KULR Technology Group specializes in cutting-edge energy storage solutions for sectors including space, aerospace, and defense. The company leverages its in-house battery design expertise and comprehensive testing capabilities to deliver innovative energy storage systems efficiently.