KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a Bitcoin treasury strategy, sold approximately 511 BTC combined in 24 hours to retire $31.7 million in debt. KULR sold roughly 333 BTC between July 9 and July 23 at a weighted average price of $64,538 to repay its $20 million Coinbase credit facility. Smarter Web divested 177.89 BTC at $65,762 on average to settle an $11,698,540 convertible note maturing on August 5. Both companies acted voluntarily and retained substantial Bitcoin reserves after the sales.
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