KULR Technology Sells 333 Bitcoins to Repay $20M Coinbase Credit Line
KULR Technology sold 333 Bitcoins to fully repay its $20 million Coinbase credit line, closing out the crypto-backed financing facility the thermal-management company had established with the exchange. KULR Technology Group used the proceeds from selling 333 BTC to fully repay a $20 million credit facility extended by Coinbase. The repayment retired the line in full rather than reducing it partially. For related coverage, see KULR Secures $20M Bitcoin-Backed Credit Facility with Coinbase.