KULR Technology's Bitcoin Bet Deepens With Coinbase Credit

Zinger Key PointsKULR gains access to $20M in crypto-secured funding from Coinbase.Loan supports KULR’s strategic push into bitcoin accumulation.Get daily-updated rankings across momentum, growth, value, trends, and quality to spot the strongest stocks in any market.KULR Technology Group, Inc.KULRsaw its stock move higher on Tuesday after announcinga new $20 million credit agreementwith Coinbase Credit, a lending subsidiary ofCoinbase Global Inc.COIN.The facility, structured as a multi-draw loan, gives KULR Technology immediate access to capital secured by itsBitcoinBTC/USDholdings.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.Also Read:Coinbase Stock Is S&P 500’s Best Performer For June: How It Got ThereThe credit facility allows KULR Technology to tap up to $20 million without diluting shareholder value. The company labeled this its first Bitcoin-backed credit agreement and emphasized the favorable terms of the deal.According to CEOMichael Mo, the agreement offers “non-dilutive capital at a competitive financing rate,” helping KULR Technology pursue long-term growth while safeguarding equity interests.KULR Technology had previously selected Coinbase’s Prime platform in 2024 for crypto custody and wallet services. That move aligned KULR Technology with the majority of public companies holding Bitcoin on their balance sheets.The funds drawn from the facility will be collateralized with a portion of KULR Technology’s current Bitcoin holdings.The company has been steadily positioning itself as a “Bitcoin First” enterprise, blending its clean energy technology roots with blockchain-based financial strategies to broaden both reach and revenue channels.Price Action:KULR shares are trading higher by 6.89% to $6.931 at last check Tuesday.Loading...Loading...Read Next:S&P 500 Near 7,000? Inside Goldman’s New Gravity-Defying ForecastPhoto by Rido via ShutterstockCOINCoinbase Global Inc$352.18-1.38%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum89.55Growth85.27QualityN/AValue17.20Price TrendShortMediumLongOverviewKULRKULR Technology Group Inc$6.724.35%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyEquitiesNewsMarketsMoversGeneralAI GeneratedBriefsStories That Matterwhy it's moving