KULR Technology Secures $20M Credit Facility with Coinbase for Bitcoin Accumulation Goals.

KULR Technology Group has secured a $20M credit facility with Coinbase Credit, Inc. The company plans to use the net proceeds to fund its strategic Bitcoin accumulation goals. The credit facility will be available to KULR upon execution and is initially totaling up to $20M.

Houston, July 2, 2025 — KULR Technology Group, Inc. (NYSE American: KULR), a Bitcoin First Company and global leader in sustainable energy management, has secured a $20 million credit facility with Coinbase Credit, Inc. [1]. The agreement, which establishes a multi-draw loan facility initially totaling up to $20 million, will be available to KULR upon execution and is intended to fund its strategic Bitcoin accumulation goals.

The credit facility is a significant milestone for KULR, marking its first Bitcoin-backed credit arrangement. According to CEO Michael Mo, this facility provides access to non-dilutive capital at a competitive financing rate, reflecting KULR's commitment to diversifying its funding sources. The company's strategic focus on Bitcoin as a core treasury asset is evident in its recent growth, with holdings expanding from approximately 430 BTC in early January to 920 BTC by June 2025 [2].

KULR has been actively integrating Bitcoin into its treasury program since late 2024, committing to allocate up to 90% of its excess cash to Bitcoin acquisition. The recent agreement with Coinbase Credit further underscores KULR's long-term growth strategies and its dedication to driving shareholder value through prudent capital management [3].

The multi-draw loan facility allows KULR to draw funds incrementally to purchase Bitcoin, optimizing market conditions and liquidity. By leveraging a portion of its existing Bitcoin holdings as collateral, KULR secures competitive financing without diluting equity. This approach aligns with the company's strategic expansion of its Bitcoin treasury holdings, positioning it among notable public companies embracing BTC as a treasury asset [2].

The emergence of Bitcoin-backed credit facilities reflects an evolving financial landscape where companies leverage crypto assets to access capital efficiently. These facilities provide non-dilutive funding alternatives, enabling firms to maintain equity while expanding digital asset holdings. For KULR, this financing mechanism supports its BTC-first strategy by offering liquidity flexibility and reinforcing investor confidence through transparent capital allocation [2].

As corporate adoption of Bitcoin as a treasury asset continues to gain momentum, strategic partnerships with custodians and credit providers will be essential in managing risk and enhancing asset liquidity. Stakeholders are advised to monitor developments in credit facility structures and regulatory frameworks that could impact treasury management strategies [2].

References:
[1] https://www.morningstar.com/news/globe-newswire/9490609/kulr-technology-group-announces-20-million-credit-facility-with-coinbase
[2] https://en.coinotag.com/kulr-technology-group-may-expand-bitcoin-holdings-through-20-million-coinbase-credit-facility/
[3] https://crypto.news/kulr-secures-20m-credit-facility-from-coinbase-to-buy-more-bitcoin/