KULR Technology Group, Inc. (NYSE American: KULR) has announced a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC.
The agreement allows KULR to sell up to $300 million of its common stock through an at-the-market (ATM) offering, with proceeds aimed at expanding its Bitcoin treasury.
Cantor Fitzgerald will act as the sole sales agent, selling shares at market prices under an existing shelf registration. As of June 6th, 2025, KULR’s shares traded at $1.18.
All issuances will stay within the company’s authorized but unissued share limit. A commission of up to 3.0% of gross proceeds will go to the agents, who are classified as underwriters under the Securities Act of 1933.
The company began holding Bitcoin as its primary treasury reserve asset in December 2024. KULR’s strategy involves accumulating Bitcoin through excess cash flow and capital raises.
In line with its strategy, KULR has joined the “Bitcoin for Corporations” initiative, led by Strategy and Bitcoin Magazine.
The program supports public companies with tools and resources to integrate Bitcoin into their treasury operations.
“Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset,” said CEO Michael Mo.
KULR recently added $13 million in Bitcoin to its reserves, bringing total holdings to 920 Bitcoin, acquired at an average price of $98,760.
KULR has recently acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR pic.twitter.com/3S8G91UYrV
— Michael Mo (@michaelmokulr) June 9, 2025
The additional coins were purchased at an average of $107,861 each. The company reports a BTC yield of 260% year to date, funded through a mix of cash and ATM proceeds.
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