KULR Technology Invests $300 Million in Bitcoin to Strengthen Corporate Treasury

KULR Technology Group, Inc. has announced a strategic shift towards cryptocurrency with the intention to raise up to $300 million through a mixed securities shelf filing. This significant investment will be utilized to expand its holdings of Bitcoin as part of its ‘Bitcoin First’ initiative. This bold move signals a major shift in corporate strategy and underscores the increasing prominence of cryptocurrency within institutional treasury management.