KULR Secures $20 Million Bitcoin-Backed Credit Facility From Coinbase

KULR Technology Group, a Bitcoin-focused company listed on the NYSE American, has announced a significant financial move by securing a $20 million credit facility from Coinbase Credit, a subsidiary of Coinbase Global. This facility, formalized through a Master Loan Agreement signed on July 1, 2025, allows KULR to access up to $20 million in funding. The primary objective of this credit facility is to support KULR's strategy of accumulating more Bitcoin, marking the company's first Bitcoin-backed financing initiative. This move is particularly noteworthy as it provides KULR with non-dilutive capital, enabling the company to expand its strategic crypto operations without diluting shareholder value.

The credit facility is structured as a multi-draw loan, allowing KULR to access the funds in multiple installments starting from the effective date. This financial arrangement is significant because it leverages Bitcoin as collateral, a novel approach in the corporate financing landscape. By using Bitcoin as a backing asset, KULR can tap into the value of its cryptocurrency holdings to secure additional funding, thereby enhancing its financial flexibility and strategic agility.

The decision to use the funds for Bitcoin accumulation aligns with KULR's broader strategy of integrating cryptocurrency into its business operations. This move not only diversifies the company's asset portfolio but also positions it as a forward-thinking entity in the rapidly evolving digital currency market. The ability to secure such a significant credit facility from a reputable institution like Coinbase underscores the growing acceptance and legitimacy of Bitcoin as a viable financial asset.

The non-dilutive nature of this financing is particularly beneficial for KULR's shareholders. Unlike equity financing, which involves issuing new shares and potentially diluting existing shareholders' stakes, this credit facility allows KULR to raise capital without affecting its share structure. This approach preserves the value of existing shares and maintains the company's financial stability, making it an attractive option for both the company and its investors.

Since its initial announcement on buying Bitcoin in December 2024, KULR has significantly increased its BTC holdings in 2025. The company held about 430 BTC in early January, but has since boosted that to 920 BTC, its total holdings as of early June. KULR is a member of the Bitcoin for Corporations group led by major Bitcoin treasury company Strategy. Michael Saylor’s Strategy tops the list of public Bitcoin treasury companies with 597,325 BTC, while MARA Holdings, Riot Platforms, Metaplanet, and Galaxy Digital Holdings round out the top six. KULR’s 920 Bitcoin stack puts it in position 34, just behind Core Scientific, a company set to be acquired by CoreWeave. There are 60 top public BTC treasury companies, with many of the companies having taken debt to add Bitcoin to their balance sheets.

KULR, which picked Coinbase Prime as its partner for custody, stablecoin USDC, and self-custodial wallet services, will secure the Coinbase credit facility using a portion of its BTC holdings. This move reflects KULR's commitment to diversifying its funding sources as it continues to execute on long-term growth strategies to drive shareholder value. In a statement, KULR Technology Group CEO Michael Mo said, “This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate. It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value.”