KULR Technology Group, a publicly listed company in California, has just announced a plan to raise $300 million to expand its Bitcoin reserve, which currently holds 920 BTC valued at approximately $99.6 million (according to CoinGecko, June 10, 2025).
KULR Technology's fundraising plan
KULR, self-positioning as a 'Bitcoin First' company, filed with the U.S. federal regulatory agency on June 9, 2025, to raise $300 million through the issuance of common stock with the support of Cantor Fitzgerald. This money will be used to increase the amount of Bitcoin in the company's treasury, which was established last year, while also supplementing working capital.
CEO Michael Mo emphasized: “We are building a long-term accumulation spiral to gradually increase the amount of BTC per share, despite short-term volatility.” Following the announcement, KULR's stock rose by 2%, reaching $1.20. Currently, 920 $BTC of KULR is equivalent to $99.6 million, just 4% below the historical peak of Bitcoin ($112,000 on May 22, 2025).
#KULR also participates in the 'Bitcoin for Corporations' initiative launched by Strategy and Bitcoin Magazine, aimed at promoting the integration of Bitcoin into corporate treasuries through organizational support tools and networks.
Market context and Bitcoin accumulation trends
The recent price increase of Bitcoin has prompted many companies, both public and private, to add Bitcoin to their balance sheets. According to Bitbo, over 60 public companies and 12 private companies currently hold Bitcoin, with a total value of $177 billion, of which Strategy accounts for $63 billion. Companies like SolarBank, The Blockchain Group, Treasure Global, and Davis Commodities have also announced plans to build Bitcoin reserves, following the model of Michael Saylor.
This trend is reinforced by crypto-friendly policies in the USA, such as the CLARITY Act and initiatives from Trump Media. The entry of companies like KULR into the crypto market not only increases liquidity but also strengthens Bitcoin's position as a strategic asset.
Risk warning: Investing in cryptocurrency carries high risks due to strong price volatility. #anhbacong