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KULR Technology sells 333 BTC to repay $20M Coinbase loan, keeps 760 BTC in treasury.

Market News
24 Jul 2026
Crypto Briefing
View Source
Neutral
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KULR Technology sold about 333 Bitcoin between July 9 and July 23 to generate $21.5 million, fully repaying its $20 million credit facility with Coinbase. The sale price averaged $64,538 per Bitcoin, below their purchase cost of around $108,884, resulting in a realized loss. This move was aimed at deleveraging the balance sheet ahead of the loan's August 2026 maturity, reducing financial risk. After the sale, KULR retains 760 BTC and expects to regain an additional 565 BTC previously pledged as collateral, maintaining significant Bitcoin exposure without debt obligations.

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