BTC is not something KULR should focus
BTC is not something KULR should focus on and they should not be buying more BTC. I found this as the main justifications for buying BTC:
- they have money left so they’re trying to grow their capital and they’re able to do this while simultaneously investing in the company
This doesnt make any sense at all for a company if this size. KULR is not a big company at all. Their main focus should be talent acquisition, R&D and preparing for production. You could say they’re doing all of this and investing in BTC, but why not just focus on the company. If they have nothing to invest into because production hasn’t started yet (one of the more common points I heard) then that’s even more worrisome. As I mentioned, KULR is not big nor is its technology mature. If they are already hitting diminishing returns to the point they have nothing to Invest in within the company that’s really bad news,
if you have any reasons as to why they’d be investing BTC other than in the company itself please let me know.