KULR Technology Group has secured a $20 million credit facility from Coinbase Credit Inc., a subsidiary of Coinbase Global Inc. The funding will support KULR’s bitcoin accumulation strategy, with the loan backed by a portion of the company’s existing bitcoin holdings. This move highlights KULR’s growing interest in digital assets as part of its long-term financial strategy.

CEO Michael Mo said the loan marks KULR’s first bitcoin-backed credit facility, offering access to non-dilutive capital at a competitive rate. He emphasized this step strengthens KULR’s growth plans and supports shareholder value. KULR previously selected Coinbase Prime for custody, USDC, and self-custodial wallet services, aligning with major firms already relying on Coinbase for bitcoin security.

KULR ranks 31st among 135 public companies adopting a bitcoin treasury strategy, according to Bitcoin Treasuries data. This includes names like Semler Scientific and Metaplanet. With this move, KULR signals its serious intent to follow a bitcoin-centric playbook and capitalize on the digital currency’s long-term potential.