KULR Receives $20.00 Million Credit Line from Coinbase to Continue Increasing Bitcoin Holdings

According to the official announcement, KULR Technology Group (NYSE American: KULR) announced today that it has reached a $20.00 million credit line agreement with Coinbase Credit, Inc., which will be used to support its strategic Bitcoin accumulation plan. This is KULR's first credit instrument collateralized by Bitcoin, providing non-dilutive capital and competitive financing rates. Since the end of 2024, KULR has incorporated Bitcoin into the core of its financial strategy, committing up to 90% of its remaining cash to Bitcoin acquisitions. [ChainCatcher]