KULR Technology’s Bitcoin Bet Deepens With Coinbase Credit
Posted On July 8, 2025
KULR Technology Group, Inc. (NYSE:KULR) saw its stock move higher on Tuesday after announcing a new $20 million credit agreement with Coinbase Credit, a lending subsidiary of Coinbase Global Inc. (NASDAQ:COIN).
The facility, structured as a multi-draw loan, gives KULR Technology immediate access to capital secured by its Bitcoin (CRYPTO: BTC/USD) holdings.
The company plans to use the funds to further its Bitcoin acquisition strategy, highlighting a deepening commitment to digital assets amid its broader energy management mission.
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