other material
confidence high
sentiment positive
materiality 0.75
KULR sells 333 BTC for $21.5M, repays $20M credit facility, holds 760 BTC debt-free
KULR Technology Group, Inc.
- Sold ~333 BTC at ~$64,538/BTC for gross proceeds of ~$21.5M from July 9-23, 2026.
- Net proceeds used to fully repay $20M Coinbase Credit facility; no principal remains outstanding.
- All 565 BTC previously pledged as collateral expected to be released to the Company.
- Company holds ~760 BTC as of July 23, 2026 and maintains a largely debt-free balance sheet.
- Remaining net proceeds to be used for general corporate purposes; move strengthens balance sheet.