KULR Allocates Major Reserves to Bitcoin Acquisition
- KULR acquired $21 million worth of bitcoin.
- The company plans to allocate 90% of its free cash reserves to bitcoin.
By allocating 90% of its free cash reserves to bitcoin, KULR is significantly increasing its exposure to cryptocurrency volatility. This strategic move could impact the company’s financial stability and regulatory scrutiny, given the fluctuating nature of bitcoin prices.
