Energy firm Kulr and Blockchain Group in Paris raising money for their bitcoin reserves

By Hannah Pérez

Separately, both companies made announcements on collections of up to more than USD $ 300 million to strengthen their Bitcoin treasury strategies.

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Two separate companies announce collections to strengthen their Bitcoin treasures.
The Kulr energy firm seeks to raise USD $ 300 million through the sale of shares.
Meanwhile, from France, The Blockchain Group Signature Agreement for Sale of Separate Shares.
Both established BTC accumulation strategies in 2024 and seek to move on.
Kulr has a total of 920 BTC and Blockchain Group 1,471 BTC.

Companies around the world continue with the accumulation of Bitcoin (BTC). This Monday, two companies separately in the United States and Europe announced plans related to their cryptocurrency treasures.

Kulr Technologyan American company specialized in advanced energy solutions, has revealed its plans to raise up to USD $ 300 million through the sale of ordinary shares with the intention of buying Bitcoin.

The company based in California, which quotes its shares Nyse Americanhe announced last December his intention to hug Bitcoin As an assets of Treasury, with plans to assign up to 90% of its cash surplus to the distinguished cryptocurrency as a long -term asset. At that time, Kulr reported a first purchase of Bitcoin for USD $ 21 million.

In a recent presentation before the US stock and securities commission (Sec), the firm confirmed its ambition to move forward with these plans through an offer of market shares that will be facilitated by Fitzgerald singer.

The funds will be used for general corporate purposes, including working capital and the acquisition of more Bitcoinaccording to the document.

Kurl continues with his Bitcoin strategy

To support his accumulation efforts, Kulr also reported that he has leased 5,500 mining equipment from Bitcoin In two agreements for a total of more than USD $ 4 million, he reported COINDESK citing the presentation.

Until now, the company has won almost 10 BTC of these operations while buying hundreds of more coins in the open market through the exchange Coinbase.

In particular, Kulr has added 449.45 BTC in the three months that ended on March 31, and 244.36 BTC additional since then, for A total of 920 BTC – approximately at USD $ 99.3 million– currently in his treasury.

Kulr’s shares increased almost 3% on the stock market on Monday to USD $ 1.22 at the time of editing, according to Google Finance.

The Blockchain Group also collects to buy more BTC

The American energy was not the only one with a similar announcement. Separately, the company The Blockchain Groupbased in Paris, announced a shares sales program for 300 million euros (USD $ 342.5 million) to acquire more Bitcoin.

In a press release, the European Technology consultant reported that she has signed a capital increase agreement waiting at a market price with Tobam, a French asset administrator and strategic investor

The program allows Tobam to request new shares every day after the closure of the market, with a higher price than the closing price of the previous day or the average price weighted by volume, with a limit of 21% of the negotiation volume of that day. It allows capital increases to be made in sections to the total value, established by an initial period of six months. However, Tobam and the Board of Directors of The Blockchain Group They can choose to extend, renew or not renew this limit

The Blockchain Groupknown for being the first public company in Europe to have adopted the Bitcoin Treasury strategy, began to acquire the cryptocurrency in November 2024, with the aim of increasing the amount of Bitcoin By action over time, using excess cash and financing instruments for acquisitions.

The announcement occurs after the company increased its holdings last week Bitcoin With an investment for USD $ 68.7 million, carrying its stretch at 1,471 BTC –valued at USD $ 158.8 million.

Strategy leads Bitcoin’s play

Many companies seeking to build their treasury Bitcoin They have resorted to programs for the sale of shares to finance purchases. This in the midst of a broader corporate trend towards this play. Strategywhich leads this approach, announced earlier its last purchase for USD $ 110.2 million, Raising your total holdings to 582,000 BTC.

The investment of Strategy came after the firm revealed a new collection for USD $ 1 billion to move forward with its accumulation impulse of Bitcoins. Strategy It is crowned as the largest public corporate head of Bitcoin In the world.

If you liked this, you might be interested: Public companies double their Bitcoin holdings to more than USD $ 85 billion

Hannah Estefanía Pérez / Diariobitcoin

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