Techub News reports that, according to Lookonchain monitoring, the U.S. publicly listed company KULR Technology deposited 300 Bitcoins (about $24.36 million) into Coinbase Prime about 3 hours ago, which appears to be a suspected sell-off. Data shows that as of July 9, the company has cumulatively spent about $101 million to buy 1,021 Bitcoins, with an average purchase price of about $98,627, and is currently showing an unrealized loss of about $17.8 million. KULR Technology is a U.S. publicly listed company focused on thermal management technology, and it has recently included Bitcoin in its asset allocation strategy. This transfer may indicate that the company is adjusting its cryptocurrency holdings.

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