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KULR Secures $20M Bitcoin-Backed Credit Facility from Coinbase Credit

  • 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.

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