Sunday, July 13, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

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

by Catatonic Times
July 8, 2025
in Bitcoin
Reading Time: 2 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


At this time, KULR Expertise Group, Inc. (NYSE American: KULR) introduced it has secured a $20 million bitcoin-backed credit score facility from Coinbase Credit score, Inc., a subsidiary of Coinbase International (NASDAQ: COIN). 

The deal units up a multi-draw mortgage facility price as much as $20 million, which KULR can entry beginning on the efficient date. The funding will help KULR’s strategic Bitcoin accumulation objectives.

“This marks KULR’s first bitcoin-backed credit score facility, giving us entry to non-dilutive capital at a aggressive financing fee,” mentioned the CEO of KULR Michael Mo. “It displays our dedication to diversifying our funding sources as we proceed to execute on long-term progress methods to drive shareholder worth.”

In 2024, KULR selected Coinbase Prime to deal with the storage and administration of its Bitcoin belongings, together with custody, USDC, and self-custodial pockets providers. At present, Coinbase Prime can be the platform of alternative for eight of the ten largest public corporations holding Bitcoin.

This newest transfer builds on KULR’s Bitcoin-focused monetary technique. On June 9, the corporate entered a Managed Fairness Providing Gross sales Settlement with Cantor Fitzgerald & Co. and Craig-Hallum Capital Group LLC, permitting it to promote as much as $300 million of its widespread inventory in an at-the-market (ATM) providing to additional help its Bitcoin treasury reserve.

Below the settlement, Cantor Fitzgerald will act as the only real gross sales agent, utilizing commercially cheap efforts to promote shares at market costs. The providing will probably be made beneath an present shelf registration and should happen on occasion primarily based on market circumstances and firm discretion.

“We view our bitcoin holdings as long run holdings and count on to proceed to build up bitcoin,” added KULR. “Now we have not set any particular goal for the quantity of bitcoin we search to carry, and we’ll proceed to observe market circumstances in figuring out whether or not to interact in further bitcoin purchases.”



Source link

Tags: 20MBitcoinBackedCoinbaseCreditFacilityKULRSecures
Previous Post

How Ordinary People Build Million-Dollar Passive Income

Next Post

Bitcoin Showed Up In DC — And Washington Took Notice

Related Posts

Ethereum Breaks Critical ,800 Level — Can Bulls Hold For Major Rally?
Bitcoin

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

July 13, 2025
Dogecoin Replicates Bullish Wave From Nov 2024 — Why Price Can Rocket Above
Bitcoin

Dogecoin Replicates Bullish Wave From Nov 2024 — Why Price Can Rocket Above $1

July 13, 2025
Cardano Price Explodes 30% In Past Week — Analyst Calls  Next Market Top
Bitcoin

Cardano Price Explodes 30% In Past Week — Analyst Calls $5 Next Market Top

July 13, 2025
Bitcoin Dwarfs S&P 500 with Nearly 100% Edge Since 2012—Data
Bitcoin

Bitcoin Dwarfs S&P 500 with Nearly 100% Edge Since 2012—Data

July 12, 2025
Bitcoin SOPR Signals More Gains Ahead Despite New ATH
Bitcoin

Bitcoin SOPR Signals More Gains Ahead Despite New ATH

July 12, 2025
5 Free Metrics Every Bitcoin Investor Needs
Bitcoin

5 Free Metrics Every Bitcoin Investor Needs

July 12, 2025
Next Post
Bitcoin Showed Up In DC — And Washington Took Notice

Bitcoin Showed Up In DC — And Washington Took Notice

Is This Portfolio Tracker Safe and Legit in 2025?

Is This Portfolio Tracker Safe and Legit in 2025?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • RWA in Crypto: TON’s Golden Visa Initiative and Its Implications | by PowerTrade/PowerDEX | The Capital | Jul, 2025
  • Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?
  • Entrepreneurship Is All About Innovation — and AI Can Help
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.