KULR Technology Group announced it has secured a $20 million Bitcoin-backed credit facility with Coinbase. This financing arrangement provides KULR with additional liquidity and leverage for its Bitcoin treasury strategy.
The credit facility allows KULR to utilize its Bitcoin holdings as collateral, offering financial flexibility without liquidating its digital assets. This move underscores the company's commitment to its 'Bitcoin First' approach and its strategic financial management.
This development strengthens KULR's relationship with Coinbase, a major cryptocurrency platform, and supports the company's ongoing efforts to expand its Bitcoin treasury and related operations.
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