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Cryptocurrency News Articles
KULR Technology Group Announces Bitcoin Treasury Strategy, Plans to Allocate Up to 90% of Surplus Cash to BTC
Dec 05, 2024 at 12:49 am
As global adoption of blockchain accelerates, $KULR positions itself for long-term growth.
Technology company KULR is joining a growing list of firms adding Bitcoin to their balance sheets.
The company announced on Monday that it will allocate up to 90% of its surplus cash to Bitcoin. This move comes as part of the company’s cash management strategy, aiming to enhance financial resilience and support operational growth.
KULR’s decision marks a significant step for a publicly traded company to integrate Bitcoin into its treasury strategy. The company’s stock price rose sharply following the announcement, reflecting optimism among investors.
As global adoption of blockchain technology surges, businesses are exploring new strategies to navigate the rapidly changing economic landscape. KULR’s initiative showcases the increasing interest in digital assets among mainstream financial institutions.
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