KULR Secures $20M Bitcoin-Backed Credit Facility with Coinbase
The post KULR Secures $20M Bitcoin-Backed Credit Facility with Coinbase appeared on BitcoinEthereumNews.com. Key Points: KULR Technology and Coinbase establish a $20 million Bitcoin-backed credit agreement. KULR’s first non-dilutive capital move. Bitcoin used to secure broader strategic objectives. KULR Technology Group and Coinbase Credit announce a $20 million Bitcoin-backed credit agreement. KULR Technology Group, Inc. has formalized a credit line agreement with Coinbase Credit as of July 8, directly supporting its strategic Bitcoin reserves. The arrangement allows KULR access to non-dilutive capital, leveraging Bitcoin holdings to fund long-term objectives. KULR Leverages Bitcoin in Innovative Funding Strategy KULR Technology Group, led by CEO Michael Mo, has obtained a $20 million Bitcoin-backed credit facility from Coinbase Credit, enhancing its strategic financial framework. This action reflects KULR’s commitment to innovative funding methods, utilizing its Bitcoin holdings as collateral without diluting shareholder value. Michael Mo, CEO, KULR Technology Group, Inc., emphasized the strategic significance by stating: The agreement provides KULR immediate access to funds, allowing further Bitcoin accumulation as a treasury asset. CEO Michael Mo emphasized the strategic significance of this credit facility, underscoring its role in KULR’s growth plans. This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate. In market response, KULR’s stock rose by 6.89% following the announcement, showcasing investor confidence in KULR’s Bitcoin-centric strategy. Michael Mo reiterated the long-term intent to accumulate Bitcoin, highlighting adaptability to market conditions without fixed targets. Bitcoin Market Dynamics and Institutional Moves Did you know? MicroStrategy’s previous BTC-backed loans set a noticeable precedent, influencing KULR’s strategic alignment with Bitcoin’s expansive role in corporate treasury. According to CoinMarketCap, Bitcoin (BTC) is priced at $108,930.07, with a market cap of $2.17 trillion and dominance of 64.30%. The recent 24-hour trading volume is $44.28 billion, highlighting a 0.79% price increase as of July 8, 2025. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 22:50…
The post KULR Secures $20M Bitcoin-Backed Credit Facility with Coinbase appeared on BitcoinEthereumNews.com.
Key Points: KULR Technology and Coinbase establish a $20 million Bitcoin-backed credit agreement. KULR’s first non-dilutive capital move. Bitcoin used to secure broader strategic objectives. KULR Technology Group and Coinbase Credit announce a $20 million Bitcoin-backed credit agreement. KULR Technology Group, Inc. has formalized a credit line agreement with Coinbase Credit as of July 8, directly supporting its strategic Bitcoin reserves. The arrangement allows KULR access to non-dilutive capital, leveraging Bitcoin holdings to fund long-term objectives. KULR Leverages Bitcoin in Innovative Funding Strategy KULR Technology Group, led by CEO Michael Mo, has obtained a $20 million Bitcoin-backed credit facility from Coinbase Credit, enhancing its strategic financial framework. This action reflects KULR’s commitment to innovative funding methods, utilizing its Bitcoin holdings as collateral without diluting shareholder value. Michael Mo, CEO, KULR Technology Group, Inc., emphasized the strategic significance by stating: The agreement provides KULR immediate access to funds, allowing further Bitcoin accumulation as a treasury asset. CEO Michael Mo emphasized the strategic significance of this credit facility, underscoring its role in KULR’s growth plans. This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate. In market response, KULR’s stock rose by 6.89% following the announcement, showcasing investor confidence in KULR’s Bitcoin-centric strategy. Michael Mo reiterated the long-term intent to accumulate Bitcoin, highlighting adaptability to market conditions without fixed targets. Bitcoin Market Dynamics and Institutional Moves Did you know? MicroStrategy’s previous BTC-backed loans set a noticeable precedent, influencing KULR’s strategic alignment with Bitcoin’s expansive role in corporate treasury. According to CoinMarketCap, Bitcoin (BTC) is priced at $108,930.07, with a market cap of $2.17 trillion and dominance of 64.30%. The recent 24-hour trading volume is $44.28 billion, highlighting a 0.79% price increase as of July 8, 2025. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 22:50…
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