BULLISH (0.70)CoinTelegraph

Smarter Web Secures $30M Coinbase Credit Line

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Smarter Web, a UK-listed Bitcoin treasury company, has secured a $30 million credit line from Coinbase, a strategic move aimed at accelerating Bitcoin acquisitions following fundraising rounds. The facility is designed to bridge equity settlements, allowing the firm to execute Bitcoin purchases more swiftly during periods of market volatility. This development underscores a growing trend among institutional players to enhance operational efficiency in cryptocurrency management.

By leveraging this credit line, Smarter Web can capitalize on price dips without delays associated with traditional settlement processes, potentially improving its treasury management strategy. The arrangement also highlights Coinbase's expanding role in providing institutional-grade financial services, reinforcing the infrastructure supporting corporate Bitcoin adoption. Such initiatives may contribute to increased market liquidity and stability as more entities adopt similar mechanisms.

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