KULR Technology secures $20 million credit facility

KULR Technology Group, a “Bitcoin First Company” and a provider of sustainable energy management solutions, has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc.

KULR Technology Group, a “Bitcoin First Company” and a provider of sustainable energy management solutions, has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc.

According to the company’s announcement, the credit facility is a multi-draw loan that will be available to KULR upon execution of the agreement. The company intends to use the proceeds to fund its strategic Bitcoin accumulation goals. KULR CEO, Michael Mo, stated that this is the company’s first Bitcoin-backed credit facility, providing access to non-dilutive capital at a competitive rate. The loan is secured by a portion of KULR’s Bitcoin holdings.

KULR Technology Group, which since late 2024 has committed to allocating up to 90% of its excess cash to acquiring Bitcoin, uses Coinbase’s Prime platform for custody, USDC, and self-custodial wallet services for its Bitcoin assets. The company recently announced that it has expanded its Bitcoin holdings to over 1,000 BTC

According to the company’s announcement, the credit facility is a multi-draw loan that will be available to KULR upon execution of the agreement. The company intends to use the proceeds to fund its strategic Bitcoin accumulation goals. KULR CEO, Michael Mo, stated that this is the company’s first Bitcoin-backed credit facility, providing access to non-dilutive capital at a competitive rate. The loan is secured by a portion of KULR’s Bitcoin holdings.

KULR Technology Group, which since late 2024 has committed to allocating up to 90% of its excess cash to acquiring Bitcoin, uses Coinbase’s Prime platform for custody, USDC, and self-custodial wallet services for its Bitcoin assets. The company recently announced that it has expanded its Bitcoin holdings to over 1,000 BTC

KULR Technology Group, a “Bitcoin First Company” and a provider of sustainable energy management solutions, has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc.

According to the company’s announcement, the credit facility is a multi-draw loan that will be available to KULR upon execution of the agreement. The company intends to use the proceeds to fund its strategic Bitcoin accumulation goals. KULR CEO, Michael Mo, stated that this is the company’s first Bitcoin-backed credit facility, providing access to non-dilutive capital at a competitive rate. The loan is secured by a portion of KULR’s Bitcoin holdings.

KULR Technology Group, which since late 2024 has committed to allocating up to 90% of its excess cash to acquiring Bitcoin, uses Coinbase’s Prime platform for custody, USDC, and self-custodial wallet services for its Bitcoin assets. The company recently announced that it has expanded its Bitcoin holdings to over 1,000 BTC