KULR Plans to Raise Up to $300M to Fuel Bitcoin Purchases

Energy-management firm KULR (KULR) is looking to raise up to $300 million by selling shares of its common stock in an at-the-market (ATM) offering facilitated by Cantor Fitzgerald.The funds will be used for general corporate purposes, including working capital and the acquisition of more bitcoin BTC, the company said in an SEC filing.California-based KULR began using bitcoin as its primary treasury reserve asset in late 2024, adopting a strategy similar to that of Strategy (MSTR). It currently holds 800 BTC, according to BitcoinTreasuries data source: https://www.coindesk.com/markets/2025/06/09/kulr-plans-to-raise-up-to-300m-to-fuel-bitcoin-purchases