KULR Technology Plunges 22.61% Amid Reverse Split

On June 16, 2025, KULR Technology experienced a significant drop of 22.61% in pre-market trading, marking a notable decline in its stock performance.

KULR Technology has announced a 1-for-8 reverse stock split as part of its broader strategic repositioning. This move is aimed at reducing the number of outstanding shares from 300 million to 40 million, with the goal of attracting institutional investors and potentially qualifying for inclusion in the Russell 3000 Index. The reverse split is set to take effect on June 23, 2025.

Additionally, KULR Technology is in the process of raising $300 million to purchase 1,000 Bitcoin, adding to its existing holdings of approximately 920 Bitcoin. This strategic investment in Bitcoin aligns with the company's focus on digital assets and its commitment to leveraging cryptocurrency as part of its financial strategy.