KULR Technology Group has secured a $20 million bitcoin-backed credit facility from Coinbase Credit to support its ongoing Bitcoin accumulation strategy. The loan is collateralized by a portion of KULR's existing Bitcoin holdings and is described by the company's CEO as non-dilutive capital offered at competitive rates. Since late 2024, KULR has allocated up to 90% of its excess cash to Bitcoin purchases. This credit facility marks KULR's first BTC-backed loan and aims to enhance its Bitcoin treasury strategy. Separately, KuCoin has successfully passed its latest Proof of Reserves audit conducted by blockchain security firm Hacken, verifying reserve ratios exceeding 100% for BTC, ETH, USDT, and USDC as of June 30, 2025. This achievement continues KuCoin's track record of 32 consecutive months of fully backed user assets. Additionally, KULR has boosted its Bitcoin holdings to 1,021 BTC, accompanied by a 291.2% yield surge.