KULR Sells 333 Bitcoin for $21.5M; Repays $20M Debt

KULR Technology Group, Inc. sold approximately 333 Bitcoin (BTC) for aggregate gross proceeds of about $21.5 million between July 9 and July 23, 2026. The company used the net proceeds to fully repay its $20.0 million credit facility with Coinbase Credit, Inc., eliminating all principal outstanding. This strategic move aims to strengthen the balance sheet, reduce interest expense, remove collateral risk, and increase financial flexibility, leaving KULR with approximately 760 BTC and a largely debt-free balance sheet.