The Bitcoin Bet Gets Bigger and Bigger

Rhea-AI Summary

KULR Technology Group (NYSE American: KULR) continues to expand its Bitcoin investment strategy with a new $20 million credit facility secured through Coinbase Credit, Inc. This follows the company's previous $78 million in bitcoin acquisitions and its December 2024 strategy to allocate up to 90% of surplus cash to BTC.

The announcement comes amid growing institutional Bitcoin adoption, with BlackRock's iShares Bitcoin Trust (IBIT) now holding 700,000 Bitcoin worth $76 billion. Corporate treasuries have outpaced ETFs in Bitcoin acquisition for three consecutive quarters, with public companies acquiring approximately 131,000 coins in Q2 2025, representing an 18% growth in their Bitcoin balance.

The credit facility will provide KULR with non-dilutive capital for strategic Bitcoin accumulation, with loans secured by a portion of the company's Bitcoin holdings. KULR utilizes Coinbase's Prime platform for custody services, joining eight of the ten largest publicly traded companies with Bitcoin holdings.

Positive

• Secured $20 million credit facility from Coinbase Credit at competitive rates
• Accumulated $78 million in Bitcoin holdings through strategic acquisitions
• Access to non-dilutive capital for Bitcoin accumulation
• Partnership with industry-leading Coinbase Prime platform for custody services

Negative

• Significant exposure to Bitcoin price volatility
• Using Bitcoin holdings as collateral creates potential liquidation risks
• Large allocation of surplus cash (up to 90%) to volatile crypto assets

Insights

Cryptocurrency Financial Analyst

KULR deepens Bitcoin strategy with $20M Coinbase credit facility, joining growing trend of corporate BTC treasury adoption.

KULR Technology Group has significantly expanded its Bitcoin treasury strategy, securing a $20 million credit facility with Coinbase Credit to accelerate its BTC accumulation goals. Since announcing its Bitcoin-first approach in December, KULR has already acquired $78 million in Bitcoin, representing up to 90% of its surplus cash allocation to the cryptocurrency.

This non-dilutive financing approach demonstrates management's commitment to their Bitcoin treasury strategy while attempting to minimize shareholder dilution. The Coinbase credit facility will be secured by a portion of KULR's existing Bitcoin holdings, creating a leveraged position that magnifies both potential gains and risks.

KULR's strategy parallels moves by larger companies like MicroStrategy, which recently announced plans to raise up to $4.2 billion for further Bitcoin acquisitions. The article notes that corporate treasuries have outpaced ETFs in Bitcoin accumulation for three consecutive quarters, acquiring approximately 131,000 BTC in Q2 alone (an 18% increase in their holdings).

While KULR is prominently positioning itself in the Bitcoin space, it's worth noting the company's core business remains in sustainable energy management technologies across sectors including space, aerospace, defense, and transportation. The balance between KULR's operational business and its Bitcoin treasury strategy will be crucial for long-term performance.

This growing corporate adoption trend coincides with institutional investment growth, exemplified by BlackRock's iShares Bitcoin Trust now holding 700,000 BTC valued at approximately $76 billion. The fund has grown to surpass BlackRock's iShares Core S&P 500 ETF in just 18 months, signaling strong institutional demand.

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - July 10, 2025) - Investorideas.com, a go-to investing platform covering sustainable energy and crypto stocks releases a snapshot of public companies increasing their digital holdings, featuring KULR Technology Group, Inc (NYSE American: KULR), a Bitcoin First Company and global leader in sustainable energy management.

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How big is the Bitcoin play? BlackRock's iShares Bitcoin Trust (IBIT) now holds 700,000 Bitcoin (BTC) according to Glassnode data. In 18 months, IBIT has grown to $76 billion in assets under management, surpassing the iShares Core S&P 500 ETF (IVV), which tracks the US equity benchmark, and the iShares Russell 2000 ETF (IWM), which follows small-cap US stocks.

KULR Technology Group, Inc (NYSE American: KULR) has been investing in the future of Bitcoin as institutional capital since the December 4^th announcement of its Bitcoin Treasury strategy to allocate up to 90% of its surplus cash to BTC. It has announced multiple expansions of its holdings since executing its plan.

On May 20^th, KULR announced it increased bitcoin acquisitions for its Bitcoin Treasury by an additional $9 million, to reach a total of $78 million in bitcoin acquisitions.

KULR is going in deeper and just announced that it has secured a $20 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN).

From the news: The agreement establishes a multi-draw loan facility initially totaling up to $20 million, which will be available to KULR upon execution of the credit facility. The Company intends to use the net proceeds to fund its strategic Bitcoin accumulation goals.

"This marks KULR's 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's Prime platform to provide custody, USDC, and self-custodial wallet services for its Bitcoin holdings. At present, eight of the ten largest publicly traded companies 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's total bitcoin holdings.

Even President Trump's company is going deeper in crypto. Trump Media and Technology Group Corp. (NASDAQ: DJT) (NYSE Texas: DJT), operator of the social media platform Truth Social, the streaming platform Truth+ and the Fitch brand Truth.Fi, just announced filing with the US Securities and Exchange Commission of the initial registration statement on Form S-1 for the Truth Social Crypto Blue Chip ETF, B.T. The ETF will hold Bitcoin, Ether, Solana ("SOL"), Croons ("CRO") and Ripple ("XRP") directly, with 70% of its assets invested in Bitcoin, 15% in Ether, 8% in SOL, 5% in CRO and 2% in XRP, and offer its shares to investors, aiming to reflect the price performance of Bitcoin, Ether, SOL, CRO and XRP.

From the news: Crypto.com will act as the ETF's exclusive digital asset custodian and prime execution agent, as well as staking and liquidity provider.

Continued: The launch of the Truth Social Crypto Blue Chip ETF is pending effectiveness of the Registration Statement as well as approval of a Form 19b-4 filing with the SEC. Upon launch, the

Shares will be listed on NYSE Arca. Yorkville America Digital is acting as the sponsor of the ETF.

In late May, MicroStrategy Incorporated d/b/a Strategy (NASDAQ: MSTR) (NASDAQ: STRK) (NASDAQ: STRF) announced it raised $427 million; purchased 4,020 BTC; and now holds 580,250 BTC. On July 7^th MicroStrategy/Strategy announced that it has entered into a sales agreement pursuant to which Strategy may issue and sell shares of its 10.00% Series A Perpetual Stride Preferred Stock, $0.001 par value per share having an aggregate offering price of up to $4.2 billion (the "ATM Program").

From the news: Strategy expects to make sales of STRD Stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the STRD Stock at the time of sale.

Continued: Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of dividends to holders of its 10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share and 8.00% Series A Perpetual Strike Preferred Stock, $0.001 par value per share.

The momentum is building as CNBC just reported, "Corporate treasuries have surpassed ETFs in bitcoin buying for a third consecutive quarter as more companies try to benefit from the MicroStrategy playbook in a more crypto-friendly regulatory environment."

"Public companies acquired about 131,000 coins in the second quarter, growing their bitcoin balance 18%, according to data provider Bitcoin Treasuries. ETFs showed an 8% increase or about 111,000 BTC in the same period."

KULR Technology Group, Inc (NYSE American: KULR) isn't just betting on the future of Bitcoin for its shareholders, its core technologies span multiple industries with sustainable and safe solutions.

"KULR is at the forefront of pioneering the next generation of engineering solutions across various sectors, including space, aerospace, defense, transportation, and recycling. Our expertise spans from small-satellite (CubeSat) batteries to JSC 20793 human-rated batteries, offering both off-the-shelf products and custom solutions tailored to meet specific needs."

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FAQ

How much Bitcoin has KULR Technology Group (KULR) invested in its treasury?

KULR has invested $78 million in Bitcoin acquisitions as part of its Bitcoin Treasury strategy, which allows for up to 90% of surplus cash allocation to BTC.

What is the size of KULR's new credit facility with Coinbase Credit?

KULR has secured a $20 million multi-draw credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc.

How will KULR use the Coinbase credit facility?

The credit facility will provide non-dilutive capital at competitive rates to fund KULR's strategic Bitcoin accumulation goals, with loans secured by a portion of the company's Bitcoin holdings.

What custody services does KULR use for its Bitcoin holdings?

KULR uses Coinbase's Prime platform 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.

How does KULR's Bitcoin investment compare to other corporate treasuries?

KULR is part of a growing trend where corporate treasuries have surpassed ETFs in Bitcoin buying for three consecutive quarters, with public companies acquiring 131,000 coins in Q2 2025, representing an 18% growth in their Bitcoin balance.