U.S.-listed battery maker KULR recently sold 333 bitcoins.

It received about $21.5 million, paid off the full $20 million it owed to Coinbase, and sold at an average price of $64,538 per bitcoin.
In the first quarter of this year, KULR used $8.7 million in cash for operating activities, and it didn’t want to keep issuing stock for financing at current prices.
In March and May, it pledged bitcoins as collateral and borrowed the maximum $20 million from Coinbase in two tranches, at an annual fee rate of 7%.
The two loans initially pledged 425 bitcoins; by the time it repaid the money, the collateral had grown to 565 bitcoins. Whether the additional 140 bitcoins were used for topping up is not stated by the company.
Coinbase recalculates the collateral daily based on the latest coin price—if it drops too much, KULR has to keep adding bitcoins.
KULR therefore sold about 30% of its position, returning all 565 bitcoins, and would also pay about $1.4 million less per year.
The company did not fully liquidate; it still holds 760 bitcoins. Its filings show it holds more than 1,000 bitcoins on paper, but the amount it can truly move freely was previously less than half.