KULR Technology Group has launched a Bitcoin treasury with the acquisition of 217.18 Bitcoin for approximately $21 million. This purchase, made at an average price of $96,556.53 per Bitcoin, signals the company's intention to allocate up to 90% of its surplus cash into Bitcoin. CEO Michael Mo stated that a survey conducted on social media showed strong shareholder support for this strategy, reinforcing their belief that Bitcoin represents the future of money. KULR's move comes amidst a growing trend among companies adopting Bitcoin as part of their treasury strategies. Other firms have also recently made significant Bitcoin acquisitions, including Matador Technologies and Quantum BioPharma. The Bitcoin treasury strategy was popularized by MicroStrategy, which currently holds over 444,000 BTC and plans to expand its purchases in 2025. KULR aims to integrate artificial intelligence, robotics, and Bitcoin into its future operations.

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