KULR Technology Group is seeking to raise $300 million through an offering of its common stock to enhance its Bitcoin holdings, reflecting a growing trend among public companies. This follows a filing made to US regulators. KULR holds around 920 Bitcoin, valued at nearly $1 billion. The CEO stated that they are building a long-term strategy to steadily increase Bitcoin holdings per share, despite market fluctuations. Following the announcement, KULR shares saw a slight increase. The company has also aligned itself with the Bitcoin First Coalition, which aims to promote the adoption of Bitcoin among publicly traded firms. As of now, various companies, both public and private, are reported to be vying to integrate Bitcoin into their financial strategies, with over 227 entities owning Bitcoin currently, a notable increase.

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