KULR Technology sells 333 bitcoin for USD 21.5 million in treasury move - KULR News | RalliesKULR Technology sells 333 bitcoin for USD 21.5 million in treasury move
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KULR• KULR sells bitcoin and repays borrowings
- KULR Technology Group sold about 333 bitcoin from July 9-23, 2026 at a weighted average price of USD 64,538 per BTC.
- Gross proceeds totaled about USD 21.5 million; sales were completed July 23 as part of treasury management.
- Net proceeds repaid borrowings under its USD 20 million Coinbase Credit facility; no principal remains outstanding.
- About 565 BTC pledged as collateral is expected to be released; accrued interest is expected to be paid in August 2026.
- KULR held about 760 BTC as of July 23; remaining net proceeds are earmarked for general corporate purposes.
