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KULR Technology sells 333 Bitcoin to repay $20 million Coinbase credit line

KULR Technology sells 333 Bitcoin to repay $20 million Coinbase credit line

The NYSE-listed company generated about $21.5 million in gross proceeds, retired the facility ahead of its August 2026 maturity and expects 565 pledged BTC to be released.

BTC

Fact Check
The primary SEC 8-K filing on EDGAR confirms every element of the claim: NYSE-listed KULR Technology sold ~333 BTC (July 9–23, 2026) for ~$21.5M gross proceeds, fully repaid the $20.0M Coinbase Credit, Inc. facility ahead of its August 2026 maturity, and expects 565 previously pledged BTC to be released. StockTitan's filing summary and CryptoBriefing independently corroborate the same figures.
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Summary

KULR Technology sold about 333 Bitcoin between July 9 and July 23 for roughly $21.5 million in gross proceeds, using the sale to fully repay its $20 million credit facility with Coinbase Credit. The NYSE-listed company said the move leaves it with about 760 BTC and should result in the release of 565 BTC that had been pledged as collateral. KULR began building its Bitcoin treasury in December 2024, later expanding holdings to 1,083 BTC as of March 31, 2026 while allocating surplus cash to acquisitions and drawing on the Coinbase facility. The sale shows how public companies using Bitcoin-backed borrowing may trim holdings to reduce leverage and clean up their balance sheets rather than maintain debt into a future maturity.

Terms & Concepts
  • credit facility: A lending arrangement that lets a company borrow up to an agreed limit under set terms.
  • collateral: Assets pledged to secure a loan and that can be released once the debt is repaid.