KULR Technology Group is trading 5.8% down now at $2.61 after announcing the sale of approximately 333 bitcoin for $21.5 million to fully repay its $20 million credit facility with Coinbase.
- The transaction strengthens the company's balance sheet by eliminating debt, though it significantly reduces its overall cryptocurrency exposure.
- The stock is also facing pressure from broader technology sector weakness, driven by concerns over high AI-related capital expenditures and a general shift toward risk-off sentiment.