KULR Technology sells 333 bitcoin for USD 21.5 million in treasury move

Reuters2026/07/24 12:34

By:Reuters

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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 completed July 23 as part of treasury management.
Net proceeds repaid borrowings under its USD 20 million Coinbase Credit 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 earmarked for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KULR Technology Group Inc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-086506), on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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KULR Technology sells 333 bitcoin for USD 21.5 million in treasury move

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