KULR Technology sells 333 Bitcoin to repay $20M Coinbase credit facility

KULR Technology sold about 333 BTC between July 9 and July 23 for roughly $21.5 million to fully repay its $20 million Coinbase Credit facility. The move is a balance-sheet deleveraging step rather than a bearish call on Bitcoin, and the company still retains meaningful exposure with about 760 BTC remaining in treasury. KULR’s average sale price was around $64,538 per BTC, below its weighted average purchase cost of about $108,884, implying a realized loss on the sold coins. The repayment removes debt ahead of the facility’s August 2026 maturity and may free up 565 BTC previously posted as collateral. Market-wise, the article frames the action as a sign that some corporate Bitcoin treasury strategies are shifting from aggressive accumulation to capital preservation and risk reduction.