24/7 Market News Snapshot 08 July, 2025 – KULR Technology Group, Inc. (NYSE:KULR)
DENVER, Colo., 08 July, 2025 (www.247marketnews.com) – (NYSE:KULR) are discussed in this article.
KULR Technology Group, Inc. (NYSE American: KULR), recognized as a leader in sustainable energy management and a proponent of Bitcoin adoption, has experienced a notable surge in its stock performance. The company’s shares opened at $6.72 and have soared to $7.416, marking a notable increase of 15.16% from the previous session close of $6.44. With current trading volume reaching 1.99 million shares, investor interest is robust, suggesting potential for further price appreciation as key resistance is noted at $7.50 and support around $6.70.
In alignment with its strategic growth initiatives, KULR has also secured a $20 million credit facility with Coinbase Credit, Inc., a move designed to strengthen its Bitcoin acquisition strategy. The facility allows for multiple draws, facilitating access to non-dilutive capital that aims to support the company’s financial objectives. CEO Michael Mo emphasized that this agreement represents the first Bitcoin-backed credit facility for KULR, which allows for competitive financing rates while reinforcing their commitment to enhancing shareholder value.
Since late 2022, KULR has targeted Bitcoin as a primary asset for its treasury program, designating up to 90% of its excess cash for Bitcoin purchases. The company has partnered with Coinbase’s Prime platform for custody and related services, a choice that underscores its strategic positioning as it joins a select group of publicly traded companies actively involved in Bitcoin.
KULR’s dual focus on innovative energy solutions—including advanced battery technology for sectors such as aerospace and defense—coupled with its financial strategies, positions the company favorably in the rapidly evolving energy market. Through these initiatives, KULR is poised for sustained growth and enhanced shareholder value as it navigates the intersection of technology and finance.