KULR Technology Group has announced a credit agreement with Coinbase backed by Bitcoin amounting to $20 million. This agreement expands KULR's access to non-dilutive capital and supports its strategic objectives.
Credit Line Agreement
On July 8, KULR Technology Group signed a credit line agreement with Coinbase Credit aimed at supporting the company's strategic Bitcoin reserves. This arrangement has allowed KULR to access non-dilutive capital and leverage its Bitcoin assets to fund long-term goals.
KULR's Funding Strategy
According to KULR's CEO Michael Mo, the new credit line will provide the company with immediate access to funds, enabling further Bitcoin accumulation as a treasury asset. Mo emphasized the strategic importance of this agreement, noting that this is their first Bitcoin-backed loan, providing access to non-dilutive capital at competitive financing conditions.
Bitcoin Market Dynamics
According to CoinMarketCap, as of July 8, 2025, Bitcoin is priced at $108,930.07 with a market cap of $2.17 trillion. The recent 24-hour trading volume is $44.28 billion, marking a 0.79% increase. Coincu's research indicates that KULR's strategic partnership with Coinbase may promote further institutional engagement in the cryptocurrency market.
KULR's agreement with Coinbase represents a new step in utilizing Bitcoin as a strategic asset in corporate finance. This deal underscores the growing role of Bitcoin in financial markets and its adoption as collateral for institutional lending.
