Gate News bot message, the American energy management company KULR announced the launch of a "At-the-Market (ATM)" common stock issuance plan, with an expected fundraising cap of $300 million. The funds will be invested in multiple areas, including increasing Bitcoin holdings.
KULR currently holds 800 Bitcoins and has officially incorporated Bitcoin into its core financial reserve strategy by the end of 2024. In addition, the company recently purchased nearly 700 Bitcoins on the open market through Coinbase, while signing a mining machine leasing agreement worth over 4 million USD.
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KULR launches a $300 million financing plan, part of which will be used to increase its holdings of Bitcoin.
Gate News bot message, the American energy management company KULR announced the launch of a "At-the-Market (ATM)" common stock issuance plan, with an expected fundraising cap of $300 million. The funds will be invested in multiple areas, including increasing Bitcoin holdings.
KULR currently holds 800 Bitcoins and has officially incorporated Bitcoin into its core financial reserve strategy by the end of 2024. In addition, the company recently purchased nearly 700 Bitcoins on the open market through Coinbase, while signing a mining machine leasing agreement worth over 4 million USD.
Source: CoinDesk