KULR Launches $300M Share Offering to Fuel Bitcoin Strategy and R&D

KULR Technology Group has filed to raise up to $300 million through an at-the-market (ATM) equity offering, with Cantor Fitzgerald serving as the sales agent, according to a regulatory filing.

The proceeds are intended to support working capital, research and development, and an expanded investment in bitcoin (BTC). KULR began allocating BTC to its treasury in late 2024, mirroring the approach taken by other crypto-forward firms such as Strategy.

To date, KULR holds 920 BTC, acquired through both direct purchases on Coinbase and mining operations. In Q1 2025 alone, it added 449 BTC, followed by another 244 BTC more recently. The company also leases 5,500 S-19 mining rigs, generating close to 10 BTC in mining rewards.

KULR’s announcement places it among a growing group of publicly traded companies using capital raises to accumulate bitcoin, including Strategy, MARA Holdings, and Semler Scientific.

The stock rose 3.4% to $1.22 following the news.