KULR Raises $300M, Plans to Bolster Bitcoin Treasury

Posted: June 9, 2025

KULR Technology Group announced Monday it is seeking $300 million through an at-the-market offering to support its corporate Bitcoin treasury strategy.

The California-based company, which describes itself as a “Bitcoin-First” entity, intends to allocate funds towards accumulating more Bitcoin and strengthening its working capital.

“We’re building a long-term accumulation flywheel designed to steadily grow BTC per share over time,” said CEO Michael Mo. “We are undeterred by short-term market volatility.”

KULR currently holds approximately 920 Bitcoin, valued at roughly $99.6 million according to CoinGecko data.

The offering involves selling common stock shares with Cantor Fitzgerald as its sales agent.

[The following content integrates Bitcoin market context and broader institutional adoption trends]