Kulr Technology surged over 21% after announcing a $20 million credit line from Coinbase to increase its Bitcoin holdings

2025-07-08 21:45:47

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ChainCatcher news, according to market data, Kulr Technology has risen over 21%, currently priced at $7.75.

ChainCatcher previously reported that according to an official announcement, KULR Technology Group (NYSE American: KULR) today announced a $20 million credit facility agreement with Coinbase Credit, Inc. to support its strategic Bitcoin accumulation plan.

This is KULR's first credit tool backed by Bitcoin, providing non-dilutive capital with competitive financing rates. Since the end of 2024, KULR has incorporated Bitcoin into the core of its financial strategy, committing up to 90% of its remaining cash for Bitcoin acquisitions.

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