California Company KULR, Prepares Up to $300 Million to Buy Bitcoin!

Updated

June 10, 2025

Gambar California Company KULR, Prepares Up to $300 Million to Buy Bitcoin!

Jakarta, Pintu News – California-based energy management company KULR is preparing to raise up to $300 million through an at-the-market (ATM) sale of its common stock. The sale will be facilitated by Cantor Fitzgerald.

The funds raised are planned to be used for general corporate purposes, including working capital and the purchase of additional Bitcoin . Since the end of 2024, KULR has made Bitcoin (BTC) the main reserve asset of its treasury, following in the footsteps of companies such as Strategy (MSTR).

Bitcoin Accumulation Strategy

bitcoin accumulation surges — Generated by AI

To support its Bitcoin (BTC) accumulation efforts, KULR has leased 5,500 S-19 Bitcoin (BTC) mining units through two deals totaling more than $4 million. To date, the mining operations have yielded nearly 10 Bitcoins (BTC). In addition, the company has also purchased hundreds of Bitcoin (BTC) on the open market through Coinbase. In the three months ended March 31, KULR managed to add a total of 449.45 Bitcoin (BTC) and an additional 244.36 Bitcoin (BTC) since then.

Also Read: From Dogecoin Millionaire to Pepe Millionaire: The Latest Meme Coin Investment Strategy!

Effect on KULR Shares

The announcement of the fundraising plan has had a positive impact on KULR’s share value. The company’s shares have risen by 3.4% today, reaching $1.22 per share. This increase shows the market’s positive response to KULR’s Bitcoin (BTC) investment strategy. Investor confidence in KULR’s ability to manage digital assets and its long-term growth strategy seems to be increasing.

KULR’s Future Prospects

With an aggressive strategy of Bitcoin (BTC) acquisition and increased mining operational capacity, KULR demonstrates its commitment to innovation and adaptation in global market trends. This move not only increases the company’s assets but also the potential revenue from ongoing mining operations. KULR appears to be positioning itself as a key player in the energy management industry that is also integrated with the cryptocurrency market.

Conclusion

With this strategic move, KULR is not only strengthening its financial position but also expanding its operational scope in the cryptocurrency industry. This initiative is expected to yield positive results and increase the company’s value in the eyes of investors and the stock market.

Also Read: Shocking Prediction: Bitcoin (BTC) Has the Potential to Reach $250,000 in 2026!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.