KULR Prepares $300M Raise to Support Aggressive Bitcoin Buying Strategy

KULR Aims to Raise $300M to Expand Bitcoin Holdings and Innovation Pipeline

Thermal energy and battery safety tech firm KULR Technology Group has unveiled plans to raise up to $300 million via an at-the-market (ATM) equity program, according to a new SEC filing. Cantor Fitzgerald will act as the placement agent.

The fresh capital will be deployed across multiple strategic areas, including increasing bitcoin reserves, supporting research and development, and boosting working capital. KULR adopted bitcoin as its primary treasury reserve asset in late 2024, aligning itself with other pro-BTC public companies like Strategy (MSTR).

The company currently holds 920 BTC, sourced through direct acquisitions and mining. It added 449 BTC in Q1 2025 and another 244 BTC since, primarily via Coinbase. KULR has also leased 5,500 Antminer S-19 rigs, which have already mined close to 10 BTC.

With this move, KULR joins a growing list of firms using equity raises to deepen exposure to bitcoin, underscoring the asset’s rising appeal as both a hedge and a treasury strategy.

Shares of KULR climbed 3.4% on Monday to $1.22.