KULR Technology Group has taken a bold step into the world of digital assets by securing a $20 million credit facility from Coinbase Credit Inc., a subsidiary of Coinbase Global Inc. This financing is backed by a portion of KULR’s current bitcoin holdings and will be used to support the company’s bitcoin accumulation strategy. The move represents a significant expansion of KULR’s long-term financial approach and positions the company firmly within the growing trend of corporate bitcoin adoption.
First Bitcoin-Backed Loan to Support Growth Without Dilution
KULR CEO Michael Mo described the loan as the company’s first-ever bitcoin-backed credit facility, offering non-dilutive capital at a competitive interest rate. This means the company can fund strategic initiatives without issuing new shares, preserving value for existing shareholders.
Mo emphasized that the facility strengthens KULR’s overall growth plan and enhances long-term shareholder value. The company has already partnered with Coinbase Prime for secure custody, USDC management, and self-custodial wallet solutions—tools commonly used by institutions managing significant digital assets.
Part of a Growing List of Public Companies Embracing Bitcoin
KULR currently ranks 31st out of 135 public companies holding bitcoin in their corporate treasuries, according to data from Bitcoin Treasuries. This list includes other prominent names like Semler Scientific and Metaplanet, reflecting a growing trend among forward-looking firms embracing bitcoin as a long-term store of value.
By tapping into the credit facility from Coinbase Credit, KULR signals a strong commitment to its bitcoin-centric financial strategy. The move aligns KULR with a broader shift among public companies toward digital assets, leveraging the long-term potential of bitcoin while accessing growth capital without compromising equity.
As more corporations explore bitcoin-backed lending and treasury strategies, KULR’s partnership with Coinbase puts it in a competitive position to capitalize on the evolving digital financial landscape.
