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The Smarter Web Company obtains a $30 million credit line from Coinbase to support its Bitcoin strategy
Mars Finance reports that, according to market sources, the UK-listed company The Smarter Web Company (ticker: SWC) has announced a $30 million strategic credit line from Coinbase Credit, secured by its Bitcoin holdings. Interest is only charged on the drawn amount, with no fixed maturity date. The facility is designed to enable the company to deploy funds into Bitcoin immediately after equity financing, reducing settlement timing risks in volatile markets and supporting its Bitcoin-centric treasury strategy.