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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Topic or theme Real-time Records of Institutional Crypto Holdings and Capital Operations

Recently, stablecoin concept stocks have continued to strengthen, with multiple listed companies establishing reserves of crypto assets. Stocks of crypto companies are becoming a special "crypto hotspot": traditional market investors are beginning to pay attention to companies in the crypto industry, while people in the crypto circle view the price changes of crypto stocks as one of the indicators of market fluctuations. This topic will continue to focus on the dynamics of related projects, institutional movements, market performance, and the strategic logic behind them, gaining insights into the development path of this wave of integration between crypto and equity.