The Kulr energy management firm (Kulr) is seeking to raise up to $ 300 million selling common shares in an offer in the market (ATM) provided by Cantor Fitzgerald.
The funds will be used for general corporate purposes, including working capital and the acquisition of more bitcoins
The company said in a presentation of the SEC.
Kulr, based in California, began using Bitcoin as his main treasure reserve asset at the end of 2024, adopting a strategy similar to that of the strategy (Mstr). It currently has 920 BTC.
Many companies seeking to build their Bitcoin treasure holdings have resorted to programs in the market financing purchases. These include the strategy, which also included preferred stock ATM programs, as well as the Blockchain group, Mara Holdings and Semler Scientific.
To support his accumulation efforts, Kulr also leased 5,500 Bitcoin S-19 miners in two agreements for a total of more than $ 4 million, according to the presentation.
Until now, the company has won almost 10 BTC of these operations. He has bought hundreds more in the open market through Coinbase, adding 449.45 BTC in the three months that end on March 31, and a 244.36 BTC since then.
Kulr shares have won 3.4% today at $ 1.22.
