Coinbase Backs KULR’s Bitcoin Expansion with $20M Credit Facility

KULR Technology Group, a company listed on the NYSE American, has secured a $20 million multi-draw credit facility from Coinbase Credit to further expand its Bitcoin holdings. This move underscores KULR's Bitcoin-first strategy, which it adopted in December 2024, and its commitment to holding BTC as a primary treasury asset. The funds will be used exclusively to acquire additional Bitcoin, reinforcing the firm's bullish stance on the cryptocurrency. Since announcing its BTC treasury strategy, KULR has been aggressively accumulating Bitcoin, signaling strong confidence in its long-term value. This partnership with Coinbase highlights the growing intersection between traditional finance and the digital asset space, as more institutional players embrace cryptocurrency as a core component of their financial strategies. The credit facility not only provides KULR with the liquidity needed to expand its Bitcoin holdings but also demonstrates Coinbase's willingness to support companies integrating digital assets into their treasury management. This development is a testament to the increasing institutional adoption of Bitcoin and the evolving landscape of corporate finance in the crypto era.

KULR Secures $20M Credit Facility from Coinbase to Expand Bitcoin Holdings

KULR Technology Group, a NYSE American-listed company with a Bitcoin-first strategy, has secured a $20 million multi-draw credit facility from Coinbase Credit. The funds will be deployed to acquire additional Bitcoin, reinforcing the firm's commitment to holding BTC as a primary treasury asset.

Since announcing its BTC treasury strategy in December 2024, KULR has aggressively accumulated bitcoin—growing its holdings from 430 BTC in January to 920 BTC by June 2025. The Coinbacked financing allows non-dilutive capital access at competitive rates, aligning with the company's goal to allocate up to 90% of cash surplus toward Bitcoin acquisitions.

"This reflects our commitment to diversifying funding sources while executing long-term growth strategies," said CEO Michael Mo. The move signals growing institutional confidence in bitcoin's role as a corporate treasury asset, with public companies increasingly using debt facilities to increase crypto exposure without equity dilution.

ReserveOne to Launch $1 Billion Bitcoin-Dominated Digital Asset Reserve

ReserveOne, a newly formed firm inspired by the proposed U.S. strategic Bitcoin Reserve, has announced plans to go public via a SPAC merger with M3-Brigade Acquisition V Corp. (NASDAQ: MBAVU). The company will hold a diversified crypto portfolio led by Bitcoin (BTC), ethereum (ETH), and Solana (SOL), among others.

The firm intends to participate in staking for supported altcoins to generate yield for shareholders, alongside crypto lending through DeFi smart contracts. "Our disciplined, yield-focused strategy is designed to set a new standard for regulated crypto investing," said CEO Jaime Leverton.

ReserveOne will allocate over $1 billion to acquire and manage digital assets, with Coinbase Global serving as custodian. The SPAC deal includes nearly $300 million from M3-Brigade.

XRP Price Stability Masks Underlying Whale Activity and Market Speculation

XRP's price held steady at $2.29, but on-chain data reveals significant whale movements, with 780,000 XRP withdrawn from Coinbase on July 5. The activity suggests accumulating interest from large holders despite mixed signals in network activity and trader sentiment.

Speculation around Ripple's U.S. banking license and potential ETF developments continues to fuel bullish narratives. However, declining active address growth and overheated funding rates—now at yearly highs—indicate a fragile equilibrium. Traders are paying steep premiums to maintain long positions, creating vulnerability to a sharp correction if momentum falters.

The market appears torn between institutional developments and on-chain realities. While pennant pattern breakouts and whale accumulation suggest upward potential, the overcrowded long trade setup mirrors conditions that typically precede short-term pullbacks.