according to the materials of the site - By crypto.news

KULR Technology Group, a bitcoin-focused company listed on NYSE American, announced a $20 million credit line from a subsidiary of the cryptocurrency exchange Coinbase, which the company plans to use to acquire more bitcoins.

KULR, which has increased its bitcoin (BTC) holdings since announcing plans to create a BTC treasury strategy, stated in a press release on July 8 that the $20 million credit line is provided by Coinbase Credit and will be revolving.
The company intends to use this line to acquire more bitcoins after Coinbase executes the offer. For a firm that previously committed to allocating up to 90% of its cash surplus to acquire bitcoins as a treasury asset, securing this funding marks a renewal of its commitment to a BTC-focused strategy.

KULR Technology Group CEO Michael Mo stated in his announcement:

"This is KULR's first bitcoin-backed credit project, 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 implement long-term growth strategies to enhance shareholder value."

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Bitcoin treasury companies
Since its initial announcement to purchase Bitcoin in December 2024, KULR has significantly increased its BTC assets in 2025.
At the beginning of January, the company held about 430 BTC, but has since increased it to 920 BTC, which is the total volume of its assets as of early June. Notably, the company is a member of the Bitcoin for Corporations group led by the major Bitcoin treasury company Bitcoin Strategy — formerly MicroStrategy.
Michael Saylor's Strategy leads the list of public companies in Bitcoin treasury with 597,325 BTC, while MARA Holdings, Riot Platforms, Metaplanet, and Galaxy Digital Holdings round out the top six.

According to market data, KULR's stack of 920 Bitcoin places it 34th, just behind Core Scientific, a company set to be acquired by CoreWeave.
In the list of the top 60 public companies by BTC treasury, including Rumble, DeFi Technologies, and Prenetics, which will join the 'MicroStrategy'-inspired BTC holders. Many of the companies have taken loans to add Bitcoin to their balance sheets.
KULR, which chose Coinbase Prime as a partner for custodial services, USDC (USDC) stablecoin, and self-custodial wallets, will secure the Coinbase credit line using part of its BTC assets.

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