KULR Technology Obtains $20 Million Credit Line Backed by Bitcoin

08 July, 2025, 03:29 PM

KULR Technology Group (NYSE: KULR), a leading developer of thermal management technologies, has secured a $20 million credit line with Coinbase Credit, a lending arm of the popular cryptocurrency exchange, Coinbase. This strategic financial move allows KULR to leverage its existing Bitcoin (BTC) holdings without selling them. Under the terms of the agreement, KULR will use a portion of its Bitcoin as collateral for the loan. The funds obtained will be strategically allocated towards further investments in Bitcoin and potentially other crypto assets. KULR's management sees this credit line as a smart way to capitalize on opportunities in the digital asset space while maintaining its existing BTC position. This financial maneuver positions KULR to potentially benefit from future cryptocurrency market upturns and expand its presence in the blockchain sector, demonstrating a forward-thinking approach to corporate finance. ```