KULR plans to raise $300 million through private placement to expand its Bitcoin holdings

According to CoinDesk, KULR, a publicly traded company on the New York Stock Exchange, announced that it will raise up to $300 million through a "market ready" stock issuance (ATM) underwritten by Cantor Fitzgerald, to increase the purchase of Bitcoin, supplement working capital, and research and development expenses. Since the end of 2024, KULR has made Bitcoin its main reserve asset and currently holds 920 BTC. It has continued to expand its position through mining and market purchases.