KULR Sells $21.5 Million in Bitcoin to Repay $20M Coinbase Credit Facility

KULR Technology Group, Inc. sold approximately 333 bitcoin (BTC) as part of its treasury management operations, generating gross proceeds of approximately $21.5 million. The company used the funds to fully repay its $20.0 million credit facility, strengthening its balance sheet and reducing financial risk.

Key Details

• Transaction: Sold ~333 BTC at a weighted average price of ~$64,538 per BTC between July 9 and July 23, 2026.
• Use of Proceeds: The proceeds fully repaid the principal on its $20.0 million credit facility with Coinbase Credit, Inc. The move eliminates related interest expenses and liquidation risk.
• Balance Sheet Impact: Following the repayment, 565 BTC pledged as collateral is expected to be released. The company continues to hold approximately 760 BTC and maintains a largely debt-free balance sheet.