How KULR Is Using BTC To Power Its Future

Checkers
Jul 9
3 min read

KULR Technology Group (NYSE American: $KULR) is turning its Bitcoin treasury into something much more than a line on the balance sheet. The company has secured a $20 million credit facility through Coinbase Credit, drawing against its existing $BTC reserves without touching its cash or issuing new equity. Structured as a multi-draw agreement, this facility allows KULR to tap capital when needed while using Bitcoin as the engine behind that funding. The company says the proceeds will go toward further Bitcoin accumulation, amplifying its Bitcoin First strategy that has defined its treasury policy since last last year.

A gold Bitcoin coin stands on US dollar bills, showcasing the cryptocurrency symbol. The scene highlights digital currency's financial impact.

The foundation for this approach rests on a growing business that is starting to flex. In Q1, KULR reported $2.45 million in revenue, up 40% y/y. Product sales led the way, up nearly 90% y/y to $1.16 million. With nearly $27 million in cash and over $91 million in BTC on the books, KULR holds more than $100 million in liquid and crypto assets with no conventional debt. The balance sheet gives them room to maneuver, and the credit line adds leverage without the dilution that so often undermines early-stage growth. It’s a structure designed to preserve flexibility while still moving forward.

KULR's decision to treat Bitcoin as a core financial instrument has become a defining characteristic. Rather than letting BTC sit idle and hope for appreciation as most do, the company has turned it into something kinetic. Borrowing against the asset means its treasury position becomes functional capital, enabling more aggressive growth without sacrificing equity or burning cash. While the Coinbase credit-line may be aimed primarily at further Bitcoin purchases in the immediate, it opens the door to broader applications if necessary. This kind of financial loop, where a volatile asset is treated as usable collateral, brings both risk and leverage but it also reflects a conviction about where the company is headed and how it wants to get there.

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But KULR's success isn't just due to some BTC balance sheet trickery. The company is expanding its real-world footprint as well, and 2025 has already brought multiple major developments in the space sector. KULR secured a $6.7 million grant from the Texas Space Commission to develop cold-temperature lithium-ion battery solutions for lunar and Martian missions, working alongside NASA Johnson Space Center and South 8 Technologies. Adding to the space momentum, KULR partnered with AstroForge to develop a custom 500Wh battery pack for asteroid resource extraction missions, tapping into a space battery market projected to grow from $3.9 billion to $6.35 billion by 2030.

Beyond space, KULR landed a robotics partnership with German Bionic, makers of the Apogee ULTRA exoskeleton. KULR is launching a new AI and Robotics unit to bring these wearable robotics into U.S. industries, from logistics to healthcare, and will serve as the exclusive North American distributor while also contributing its battery and energy management know-how to improve the product itself. Together these moves show a company trying to align technical expertise with market-ready partnerships that could drive serious growth.

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And while the business expands, so does its visibility. In late June, KULR was added to the Russell 3000 Index, joining the ranks of the 3,000 largest U.S. public companies by market capitalization. This milestone opens the door to inclusion in institutional portfolios and brings greater exposure to funds tracking the index. It underscores the growing seriousness with which markets are starting to view the company.

KULR has figured out how to make Bitcoin actually work for them instead of just sitting there. The credit facility lets them grow without diluting shares, the space contracts plus robotics partnerships show they're building a real business, and getting into the Russell 3000 proves the market is taking them seriously. They've turned a flourishing crypto treasury into a true growth engine, and that is exactly what other companies will be watching. KULR is no longer a niche battery firm. It's a BTC-enabled growth platform, aiming at space, robotics, and beyond that just landed smack in the middle of everyone's radar.

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