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KULR Technology appears to be reducing its Bitcoin exposure.
Around 4 hours ago, the company transferred 300 $BTC worth roughly $24.36M into Coinbase Prime, a move that usually signals potential selling or treasury rebalancing activity.
KULR has been aggressively accumulating #BTC over the past year. As of July 9, 2025, the company had spent around $101M to acquire 1,021 BTC at an average price near $98,627.
With BTC currently trading well below that average entry, the position is estimated to be down roughly $17.8M. Interesting timing, especially with more public companies starting to feel pressure from underwater BTC treasury positions.