KULR, an energy-management company, has announced plans to raise up to $300 million by offering shares of its common stock in an at-the-market (ATM) program managed by Cantor Fitzgerald. The capital will support various corporate needs, including working capital and increasing its Bitcoin holdings. KULR has positioned Bitcoin as its main treasury reserve asset since late 2024, echoing the strategy of financial services firm MicroStrategy. Currently, KULR owns around 800 Bitcoins, according to data from BitcoinTreasuries.
In an environment where companies are increasingly adopting Bitcoin for treasury purposes, KULR is not alone in its approach. Other firms like MicroStrategy, The Blockchain Group, MARA Holdings, and Semler Scientific have also employed similar ATM programs to fund Bitcoin purchases. KULR has further advanced its strategy by leasing 5,500 S-19 Bitcoin miners, totaling over $4 million, from which it has reportedly mined nearly 10 BTC. The company has also been active in purchasing Bitcoin directly, acquiring 449.45 BTC in the three months ending March 31 and 244.36 BTC since then.
KULR shares have seen a rise of approximately 3.4% today, reaching a price of $1.22.
In an environment where companies are increasingly adopting Bitcoin for treasury purposes, KULR is not alone in its approach. Other firms like MicroStrategy, The Blockchain Group, MARA Holdings, and Semler Scientific have also employed similar ATM programs to fund Bitcoin purchases. KULR has further advanced its strategy by leasing 5,500 S-19 Bitcoin miners, totaling over $4 million, from which it has reportedly mined nearly 10 BTC. The company has also been active in purchasing Bitcoin directly, acquiring 449.45 BTC in the three months ending March 31 and 244.36 BTC since then.
KULR shares have seen a rise of approximately 3.4% today, reaching a price of $1.22.
