KULR Technology Group secures a $20 million bitcoin-backed credit facility from Coinbase Credit.
The deal allows KULR to access a multi-draw loan facility to support its Bitcoin accumulation goals.
KULR's CEO Michael Mo sees this facility as a way to access non-dilutive capital at a competitive rate.
The company continues its Bitcoin-focused financial strategy, recently entering an agreement to sell up to $300 million of its common stock to support its Bitcoin treasury reserve.