Why KULR Technology Stock Is Surging Today

KULR Technology (NYSEMKT: KULR) stock is seeing huge volatility in Tuesday's trading on the heels of fresh financing news. The company's share price was up 3.7% as of 11:15 a.m. ET, and had been up as much as 23.3% earlier in the session.

KULR announced today that it had received a $20 million loan from Coinbase Credit, a subsidiary of Coinbase Global. The funding will be used to advance KULR's Bitcoin treasury strategy.

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Source Fool.com