KULR secures $20M bitcoin-backed credit facility with Coinbase to fund BTC accumulation

KULR Technology Group, Inc.

Enters $20M multi-draw loan facility with Coinbase Credit, subsidiary of Coinbase Global (COIN).
Facility is secured by a portion of the Company's bitcoin holdings, providing non-dilutive capital.
Proceeds intended for strategic Bitcoin accumulation.
Loan terms include daily accruing loan fee, monthly payment, and one-day termination notice.
This is KULR's first bitcoin-backed credit facility; CEO cites competitive financing rate.

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