KULR Technology Group announced a $300 million ATM offering to invest in their Bitcoin treasury reserve.
The offering is made under an agreement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, with Cantor Fitzgerald acting as the sole sales agent.
KULR plans to use the offering proceeds for acquiring and holding bitcoin as their primary treasury reserve asset.
The company started adopting bitcoin as a long-term holding in December 2024 and will continue to monitor market conditions for additional bitcoin purchases.