KULR Technology Group pivots to a Bitcoin-focused company, securing a $20 million loan from Coinbase Credit, aiming to follow the MicroStrategy model.
3 reports, 0 independent
Updated Jul 8
Gone quiet
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
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What happened
KULR Technology Group pivots to a Bitcoin-focused company, securing a $20 million loan from Coinbase Credit, aiming to follow the MicroStrategy model.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- KULR Technology Group secures a $20M loan from Coinbase Credit to pivot into the Bitcoin ecosystem.
- Coinbase extends a $20 million credit facility to KULR Technology.
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The entities involved
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Bitcoin
digital cash system and associated currency
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Coinbase
American company that operates a cryptocurrency exchange platform
Related events
- Better is utilizing Bitcoin as collateral for a mortgage program, with Coinbase providing closing credit.
- New ventures are emerging in the Bitcoin ecosystem, including a firm led by Bill, a company focused on Bitcoin treasury management, and Grow offering Crypto IRA investments.
- Coinbase enabled a new token-backed mortgage product using Bitcoin pledges, backed by Fannie Mae.
- Coinbase is building broader financial infrastructure through Base, and Haas has been named the company's Chief Financial Officer.
- Coinbase is lobbying for favorable Clarity Act legislation, Circle is building financial infrastructure on the Arc network, and MicroStrategy Inc. remains the largest Bitcoin treasury holder.
Coverage
Newest first; wire copies grouped- Unknown outlet
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