The Energy-Management firm is trying to increase its normal stock shares in the AT-the-Market (ATM) facilitating by Cantor Fijarld to increase by $ 300 million by selling shares of its common stock.
Funds will be used for general corporate purposes, including acquisition of working capital and more bitcoin
The company said Second,
California -based Kulra began using bitcoin as its primary treasury reserve asset at the end of 2024, which adopted a strategy similar to the strategy (MSTR). It currently holds 800 BTC, according to it Bitcoiniancaries data.
Many companies are looking to manufacture their bitcoin treasury holdings, which have turned into fund-the-market programs for shopping. These include strategy, including preferred stock ATM programs, as well as blockchain groups, mara holdings and semal scientists.
To support its accumulation efforts, Kular also leased 5,500 S -19 bitcoin miners in two agreements of over $ 4 million, according to the filing.
So far, the company has earned around 10 BTC from these works. It has bought hundreds of more in the open market through coinbase, added to 449.45 BTC in three months ending March 31, and has since additional 244.36 BTC.
Kulra’s shares have increased by 3.4% to $ 1.22 today.
