KULR secures $20 million credit line from Coinbase to continue increasing its Bitcoin holdings
TechFlame
2025-07-08 12:13
TechFlame2025-07-08 12:13
English
According to TechFlame, according to an official announcement, KULR Technology Group (NYSE American: KULR) today announced a $20 million credit line agreement with Coinbase Credit, Inc., which will be used to support its strategic Bitcoin accumulation plan.
This is KULR's first Bitcoin-backed credit facility, providing undiluted capital and competitive financing rates. Since the end of 2024, KULR has included Bitcoin at the core of its financial strategy, promising to use up to 90% of the remaining cash for Bitcoin acquisitions.