KULR Technology sold approximately 333 BTC between July 9 and July 23, generating $21.5 million in proceeds to fully repay a $20 million credit facility with Coinbase Credit. The average sale price of approximately $64,538 per Bitcoin versus a weighted average cost basis above $108,884 per Bitcoin resulted in a realized loss of roughly $14.8 million on the sold coins. The company retains approximately 760 BTC in its treasury and expects an additional 565 BTC previously pledged as collateral to be released. The repayment was completed ahead of the credit facility’s original August 2026 maturity date.
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