KULR Launches a $300 Million ATM Program to Expand Its Bitcoin Treasury

KULR Technology Group, Inc. announced a new at-the-market equity program that allows the company to sell up to $300 million of its common stock to support its Bitcoin treasury reserve strategy. Under the agreement, Cantor Fitzgerald & Co. will serve as the sole sales agent, while the offering may be executed over time depending on market conditions and company discretion. As of June 6, 2025, KULR shares traded at $1.18 on the NYSE American under the ticker KULR. The company said commissions paid to the sales agents may reach up to 3.0% of gross proceeds, and the agents are treated as underwriters under the Securities Act of 1933. KULR also reiterated that its business and common stock involve significant risks, with detailed disclosures included in the prospectus materials. The company began adopting Bitcoin as its primary treasury reserve asset in December 2024 and said it intends to keep accumulating BTC as a long-term holding. At the same time, it left room for flexibility, noting that it may sell Bitcoin for general corporate purposes, pursue tax-related strategies, engage in additional financing transactions that could be collateralized by Bitcoin holdings, and explore ways to generate income from those holdings.