New financing provides non-dilutive capital to support KULR’s strategic Bitcoin accumulation plans
KULR Technology Group (KULR) announced Monday that it has secured a $20 million credit facility from Coinbase Credit, a subsidiary of Coinbase Global (COIN). The multi-draw loan facility, available upon execution of the agreement, marks KULR’s first bitcoin-backed credit line.
The company said it plans to use the proceeds to fund its ongoing Bitcoin accumulation strategy, aligning with its broader objective of leveraging digital assets to enhance long-term shareholder value.
“This marks KULR’s first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate,” said KULR CEO Michael Mo. “It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value.”
The agreement with Coinbase Credit provides KULR with flexible access to capital without the need to issue additional equity, helping the company preserve shareholder ownership while pursuing its digital asset strategy. The move is part of a broader trend among tech-forward companies using bitcoin-backed financing to access liquidity without selling assets or diluting their capital structure.
Founded as a thermal management solutions provider, KULR has increasingly embraced innovation both in its product offerings and financial strategies. This latest financing marks another step in its evolving approach to corporate growth and asset management.
With this facility in place, KULR joins a growing list of companies exploring the intersection of cryptocurrency and corporate finance, signaling a shift in how emerging technology firms leverage digital assets to support expansion and strategic initiatives.
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