Today, Kulr Technology Group, Inc. (Nyse American: Kulr) Declare I got $ 20 million credit facilities from Coinbase Credit, Inc. It is a subsidiary of Coinbase Global (Nasdaq: Coin).
The deal prepares multi -degree loan facilities of up to $ 20 million, which Kulr can reach on the date of its validity. Funding will support the goals of the strategic bitcoin accumulation from Kulr.
“This represents the first Bitcoin credit facility, allowing us to reach uninterrupted capital at a competitive financing rate,” said Bitcoin, which allows us to reach uninterrupted capital at a competitive financing rate, “said Kulr Michael Mou.
In 2024, Kulr Coinbase Prime chose to deal with the storage and management of Bitcoin’s assets, including nursery, USDC, and self -wallet services. Currently, Coinbase Prime is also a selection platform for eight of the ten largest public companies carrying Bitcoin.
This last step depends on the financial strategy that focuses on Bitcoin from Kulr. On June 9, the company entered a sales agreement for monitoring shares with Cantor Fitzgerd & Co. The Craig-Hallum Capital Group LLC, allowing it to sell up to $ 300 million of its common market shares (ATM) to support the cabinet reserves in Bitcoin.
Under the agreement, Cantor Fitzgerland will act as the only sales agent, using commercially reasonable efforts to sell stock prices. The offer will be presented under the current cliff registration and may occur from time to time based on market conditions and the company’s estimate.
Kulr added: “We see our Bitcoin’s possessions as long -term illustrations and expect to continue to assemble Bitcoin,” Kulr added. “We have not set any specific goal for the amount of Bitcoin that we seek to keep, and we will continue to monitor market conditions in determining whether to engage in additional Bitcoin purchases.”
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