KULR Technology Group Announces $20 Million Credit Facility with Coinbase
KULR Technology Group (NYSE American: KULR) has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global. The facility will support KULR's strategic Bitcoin accumulation goals, marking the company's first bitcoin-backed credit facility.
The agreement provides KULR with access to non-dilutive capital at competitive rates, with loans secured by a portion of the company's Bitcoin holdings. This follows KULR's 2024 selection of Coinbase Prime for custody, USDC, and self-custodial wallet services for its Bitcoin holdings, joining eight of the ten largest publicly traded companies with Bitcoin on their balance sheets.
KULR Technology Group (NYSE American: KULR) ha ottenuto una linea di credito da 20 milioni di dollari con Coinbase Credit, Inc., una controllata di Coinbase Global. Questa linea di credito supporter脿 gli obiettivi strategici di accumulo di Bitcoin di KULR, rappresentando la prima linea di credito garantita da bitcoin per l'azienda.
L'accordo offre a KULR accesso a capitale non diluitivo a tassi competitivi, con prestiti garantiti da una parte delle riserve di Bitcoin della societ脿. Ci貌 segue la scelta di KULR nel 2024 di Coinbase Prime per i servizi di custodia, USDC e portafoglio self-custodial per i suoi Bitcoin, unendosi a otto delle dieci maggiori societ脿 quotate in borsa che detengono Bitcoin nei loro bilanci.
KULR Technology Group (NYSE American: KULR) ha asegurado una l铆nea de cr茅dito de 20 millones de d贸lares con Coinbase Credit, Inc., una subsidiaria de Coinbase Global. Esta l铆nea de cr茅dito apoyar谩 los objetivos estrat茅gicos de acumulaci贸n de Bitcoin de KULR, marcando la primera l铆nea de cr茅dito respaldada por bitcoin de la compa帽铆a.
El acuerdo proporciona a KULR acceso a capital no dilutivo a tasas competitivas, con pr茅stamos garantizados por una parte de las tenencias de Bitcoin de la empresa. Esto sigue a la selecci贸n de KULR en 2024 de Coinbase Prime para servicios de custodia, USDC y billetera auto-custodiada para sus tenencias de Bitcoin, uni茅ndose a ocho de las diez mayores empresas que cotizan en bolsa que tienen Bitcoin en sus balances.
KULR Technology Group (NYSE American: KULR)電� Coinbase Global鞚� 鞛愴殞靷澑 Coinbase Credit, Inc.鞕� 頃粯 2,000毵� 雼煬 鞁犾毄 頃滊弰毳� 頇曤炒頄堨姷雼堧嫟. 鞚� 鞁犾毄 頃滊弰電� KULR鞚� 鞝勲灥鞝� 牍勴姼旖旍澑 於曥爜 氇╉憸毳� 歆�鞗愴晿氅�, 須岇偓 斓滌磮鞚� 牍勴姼旖旍澑 雼措炒 鞁犾毄 頃滊弰鞛呺媹雼�.
鞚� 瓿勳暯鞚� 韱淀暣 KULR電� 須岇偓 牍勴姼旖旍澑 氤挫湢攵勳潣 鞚茧秬毳� 雼措炒搿� 頃橃棳 瓴届焷霠� 鞛堧姅 旮堧Μ搿� 頋劃霅橃 鞎婋姅 鞛愲掣鞐� 鞝戧芳頃� 靾� 鞛堨姷雼堧嫟. 鞚措姅 2024雲勳棎 KULR臧� Coinbase Prime鞚� 牍勴姼旖旍澑 氤挫湢鞐� 雽�頃� 靾橅儊, USDC 氚� 靺�頂� 旎れ姢韯半敂 鞗旊牄 靹滊箘鞀� 鞝滉车鞛愲 靹犾爼頃� 雿� 鞚挫潃 瓴冹溂搿�, 牍勴姼旖旍澑鞚� 雽�彀寑臁绊憸鞐� 氤挫湢頃� 靸侅灔 旮办梾 10瓿� 欷� 8瓿踌棎 頃╇頃橁矊 霅橃棃鞀惦媹雼�.
KULR Technology Group (NYSE American : KULR) a obtenu une ligne de cr茅dit de 20 millions de dollars aupr猫s de Coinbase Credit, Inc., une filiale de Coinbase Global. Cette ligne de cr茅dit soutiendra les objectifs strat茅giques d'accumulation de Bitcoin de KULR, marquant la premi猫re facilit茅 de cr茅dit garantie par des bitcoins pour la soci茅t茅.
L'accord offre 脿 KULR un acc猫s 脿 des capitaux non dilutifs 脿 des taux comp茅titifs, avec des pr锚ts garantis par une partie des avoirs en Bitcoin de la soci茅t茅. Cela fait suite 脿 la s茅lection en 2024 par KULR de Coinbase Prime pour les services de garde, USDC et portefeuille auto-gard茅 pour ses avoirs en Bitcoin, rejoignant ainsi huit des dix plus grandes entreprises cot茅es en bourse d茅tenant des Bitcoins dans leurs bilans.
KULR Technology Group (NYSE American: KULR) hat eine 20-惭颈濒濒颈辞苍别苍-顿辞濒濒补谤-碍谤别诲颈迟蹿补锄颈濒颈迟盲迟 mit Coinbase Credit, Inc., einer Tochtergesellschaft von Coinbase Global, gesichert. Die Fazilit盲t wird KULRs strategische Ziele zur Bitcoin-Anh盲ufung unterst眉tzen und markiert die erste bitcoin-gest眉tzte Kreditfazilit盲t des Unternehmens.
Die Vereinbarung bietet KULR Zugang zu nicht verw盲sserndem Kapital zu wettbewerbsf盲higen Konditionen, wobei die Darlehen durch einen Teil der Bitcoin-Best盲nde des Unternehmens besichert sind. Dies folgt auf die Auswahl von Coinbase Prime durch KULR im Jahr 2024 f眉r Verwahrung, USDC und Self-Custodial-Wallet-Dienste f眉r seine Bitcoin-Best盲nde und reiht das Unternehmen unter acht der zehn gr枚脽ten b枚rsennotierten Unternehmen mit Bitcoin in ihrer Bilanz ein.
- Secured $20 million credit facility providing access to non-dilutive capital
- Partnership with industry leader Coinbase for Bitcoin custody services
- Strategic diversification of funding sources for growth
- Additional debt burden through the credit facility
- Exposure to Bitcoin price volatility risk
- Bitcoin holdings to be used as collateral for borrowing
HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin First Company and global leader in sustainable energy management, announced today that it has secured a
The agreement establishes a multi-draw loan facility initially totaling up to
"This marks KULR鈥檚 first bitcoin-backed credit facility, giving us access to non-dilutive capital at a competitive financing rate," said Michael Mo, CEO of KULR. "It reflects our commitment to diversifying our funding sources as we continue to execute on long-term growth strategies to drive shareholder value."
In 2024, KULR selected Coinbase鈥檚 Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings. At present, with bitcoin on their balance sheets utilize Coinbase Prime for similar services.
Amounts borrowed under the credit facility will be secured by a portion of the Company鈥檚 total bitcoin holdings.
About KULR Technology Group, Inc.
KULR Technology Group, Inc. (NYSE American: KULR) is a Bitcoin First Company that delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company鈥檚 holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. Since late 2024, KULR has included bitcoin as a primary asset in its treasury program and committed to allocating up to
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FAQ
What is the size of KULR's new credit facility with Coinbase?
How will KULR use the proceeds from the Coinbase credit facility?
What type of security is KULR providing for the Coinbase credit facility?
Which platform does KULR use for Bitcoin custody services?
How does this credit facility impact KULR shareholders?
