KULR Technology Group May Expand Bitcoin Holdings Through $20 Million Coinbase Credit Facility
2025-07-08 16:56:15
Main Idea
KULR Technology Group partners with Coinbase Credit for a $20M BTC-backed loan to expand its Bitcoin treasury holdings and diversify funding sources.
Key Points
1. KULR Technology Group secured a $20 million credit facility with Coinbase Credit, using Bitcoin as collateral to support its BTC-first strategy.
2. KULR's Bitcoin holdings grew from 430 BTC in early January to 920 BTC by June 2025, ranking 34th among public companies with Bitcoin treasuries.
3. The company partners with Coinbase Prime for secure custody and liquidity management of its Bitcoin assets.
4. Bitcoin-backed credit facilities allow firms like KULR to expand digital asset holdings without diluting equity, offering liquidity flexibility.
5. The broader market includes major players like MicroStrategy, MARA Holdings, and Riot Platforms, which also use debt instruments to scale Bitcoin exposure.
Description
KULR Technology Group has secured a $20 million credit facility from Coinbase Credit, reinforcing its commitment to expanding its Bitcoin treasury holdings. This multi-draw credit facility enables KULR to acquire
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