KULR Technology Group Scores $20M Bitcoin-Backed Loan from Coinbase!

Hang onto your hats, crypto fans! KULR Technology Group, the daring Bitcoin-first firm rocking the NYSE American, just locked in a sizzling $20 million credit facility from none other than Coinbase's subsidiary. And guess what? They're planning to pump those funds straight into more Bitcoin!

KULR, the trailblazer that's been stacking sats like there's no tomorrow, dropped the bomb in a press release on July 8. They're grabbing that $20 million multi-draw facility from Coinbase Credit and are ready to roll!

Once Coinbase gives the green light, KULR's set to go shopping for more Bitcoin. Remember, this is the company that boldly pledged to throw up to 90% of its extra cash into BTC as a treasury asset. This move? It's a power play, doubling down on their BTC-first game plan!

In a statement that's got the crypto world buzzing, KULR Technology Group's CEO Michael Mo dropped this bombshell:

“This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate. It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value.”

Bitcoin Treasury Companies: The Elite Club

Since KULR first announced they were diving into the Bitcoin pool back in December 2024, they've been on a tear, ramping up their BTC stash like crazy in 2025.

Back in January, they were holding around 430 BTC. Fast forward to early June, and boom—they're now flexing 920 BTC! And get this, they're rolling with the heavy hitters in the Bitcoin for Corporations group, led by none other than the big dog of Bitcoin treasuries, Strategy—formerly known as MicroStrategy.

Michael Saylor's Strategy is sitting pretty at the top of the Bitcoin treasury leaderboard with a mind-blowing 597,325 BTC. Right behind them, you've got MARA Holdings, Riot Platforms, Metaplanet, and Galaxy Digital Holdings rounding out the top six.

According to the latest market data, KULR's beefy 920 BTC stack lands them at position 34, just nipping at the heels of Core Scientific, which is about to get scooped up by CoreWeave.

There are 60 top public BTC treasury companies out there, with Rumble, DeFi Technologies, and Prenetics joining the "MicroStrategy" inspired BTC holders club. And you know what? A lot of these companies have taken on debt to bulk up their Bitcoin reserves.

KULR, which teamed up with Coinbase Prime for custody, USDC, and self-custodial wallet services, is set to secure that Coinbase credit facility with a chunk of their precious BTC stash.