KULR obtains a $20 million credit line from Coinbase to continue increasing its Bitcoin holdings

2025-07-08 20:13:18

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ChainCatcher news, according to the official announcement, KULR Technology Group (NYSE American: KULR) today announced a $20 million credit facility agreement with Coinbase Credit, Inc. to support its strategic Bitcoin accumulation plan.

This is KULR's first credit instrument backed by Bitcoin, providing non-dilutive capital with competitive financing rates. Since the end of 2024, KULR has integrated Bitcoin into the core of its financial strategy, committing up to 90% of its remaining cash for Bitcoin acquisitions.

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