The Energy Management Company KULR (KULR) seeks to collect up to $ 300 million by selling shares of its ordinary shares in an implementation (ATM) offered by Cantor Fitzgerald.
Funds will be used for general purposes, including working capital and the acquisition of more bitcoin
said the company in a dry file.
Kulr, based in California, began to use Bitcoin as the Treasury Reserve Principal at the end of 2024, adopting a strategy similar to that of the strategy (MSTR). It currently contains 920 BTC.
Many companies seek to develop their Bitcoin Treasury assets have turned to the programs to set up purchases. These include the strategy, which also included favorite ATM programs, as well as the Blockchain group, Mara Holdings and Semler Scientific.
To support his accumulation efforts, Kulr has also rented 5,500 Bitcoin S-19 minors in two agreements totaling more than $ 4 million, according to the file.
Until now, the company has won nearly 10 BTC of these operations. He bought hundreds of others on the free market via Coinbase, adding 449.45 BTC in the three months ending on March 31, and 244.36 BTC since.
Kulr’s shares gained 3.4% today at $ 1.22.
