KULR Lands $20M Coinbase Credit Line to Double Down on Bitcoin Bet

Wall Street meets crypto again—this time with Coinbase playing banker.

The deal: KULR Technology just secured a $20 million credit facility from Coinbase, earmarked exclusively for stacking more BTC. Because when traditional markets wobble, why not lever up on digital gold?

The play: This isn’t your grandpa’s margin loan. The crypto-native financing deal lets KULR bypass traditional lenders entirely—a middle finger to legacy finance wrapped in a termsheet.

The punchline: Because nothing screams ‘financial innovation’ like using exchange credit to buy the exchange’s favorite asset. Just don’t ask what happens if BTC dips 20%.

Bitcoin treasury companies

Since its initial announcement on buying Bitcoin in December 2024, KULR has increased its BTC holdings significantly in 2025. 

The company held about 430 BTC in early January, but has since boosted that to 920 BTC, its total holdings as of early June. Notably, the company is a member of the Bitcoin for Corporations group led by major Bitcoin treasury company Strategy – formerly MicroStrategy. 

Michael Saylor’s Strategy tops the list of public Bitcoin treasury companies with 597,325 BTC, while MARA Holdings, Riot Platforms, Metaplanet, and Galaxy Digital Holdings round out the top six.

According to market data, KULR’s 920 Bitcoin stack puts it position 34, just behind Core Scientific, a company set to be acquired by CoreWeave.

There are 60 top public BTC treasury companies, with Rumble, DeFi Technologies and Prenetics among those to join the “MicroStrategy” inspired BTC holders. Many of the companies have taken debt to add Bitcoin to their balance sheets.

KULR, which picked Coinbase Prime as its partner for custody, stablecoin USDC (USDC), and self-custodial wallet services, will secure the Coinbase credit facility using a portion of its BTC holdings.