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Your Personal Daily Intelligence
Edition 2026-07-27

CRYPTO

KULR Technology and Smarter Web Sell 511 Bitcoin to Repay $31.7 Million Debt

KULR Technology Group and The Smarter Web Company each disclosed the sale of Bitcoin to repay debt, totaling about 511 BTC and roughly $31.7 million in principal payments.

By cryptoslate · 89d ago · Source: cryptoslate

Full article

KULR Technology Group and The Smarter Web Company each disclosed the sale of Bitcoin to repay debt, totaling about 511 BTC and roughly $31.7 million in principal payments. KULR sold 333 BTC between July 9 and July 23 at a weighted‑average price of approximately $64,538, generating about $21.5 million, which it used to clear the full $20 million principal of its Coinbase credit facility; accrued interest will be paid in August 2026 and the company retains roughly 760 BTC. The Smarter Web sold 177.8909127 BTC at an average price of $65,762 to settle a zero‑coupon convertible note due August 5, removing the settlement obligation and the potential issuance of more than 7.7 million shares while retaining 2,700 BTC. Both companies stated the sales were voluntary and that they continue to hold significant Bitcoin reserves, with no indication of forced liquidation by lenders. The transactions illustrate how corporate treasuries can convert long‑term Bitcoin holdings into cash to satisfy financing obligations and reduce collateral risk. Recent filings show similar strategies among other Bitcoin‑focused companies, underscoring the role of digital assets in debt service.

Source transparency

Publisher
cryptoslate
Reliability
high
Published
7/27/2026, 10:00:21 AM
Retrieved
7/27/2026, 10:00:21 AM
Relevance
80%
Confidence
85%
Read original at cryptoslate

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