PANews reported on February 24th that, according to TipRanks, the UK-listed company The Smarter Web Company (ticker symbol SWC) announced it has secured a $30 million strategic credit line from Coinbase Credit, secured by its Bitcoin holdings. Interest is accrued only on withdrawn amounts, with no fixed maturity date. This facility aims to enable the company to immediately deploy funds to Bitcoin after completing equity financing, mitigating point-in-time settlement risk in volatile markets and supporting its Bitcoin-centric treasury strategy.
The Smarter Web Company has secured a $30 million credit line from Coinbase to support its Bitcoin strategy.
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