"KULR deposited 300 BTC ($24.36M) into Coinbase Prime on May 13, 2026. KULR's 1,021 BTC position, bought at a $98,627 average, carries roughly $17.8M in unrealized losses. The move aligns with a 99% drop in non-Strategy corporate BTC buying in 2026, per Cryptoquant."
"KULR Technology Group (NYSE: KULR), the thermal energy management firm that launched a bitcoin treasury strategy in December 2024, deposited 300 bitcoin (valued at approximately $24.36 million) into Coinbase Prime, the institutional trading and custody arm of Coinbase, on Wednesday. The transfer occurred roughly three hours before the alert went live on X, pointing to the movement as a possible liquidation signal."
"Coinbase Prime serves as KULR's primary bitcoin custodian, and the company secured a $20 million credit facility from Coinbase Credit in July 2025, with loans secured against a portion of its BTC holdings. Routine collateral management or a drawdown against that facility could explain the movement, but Lookonchain's pattern analysis suggests the transfer could be consistent with a pre-sale deposit rather than a collateral adjustment."
KULR Technology Group deposited 300 bitcoin, valued at about $24.36 million, into Coinbase Prime on May 13, 2026. The transfer occurred roughly three hours before an X alert went live, which analysts interpret as a possible liquidation signal. KULR’s publicly disclosed bitcoin position was 1,021 BTC as of July 2025, acquired at an average cost of about $98,627 per coin. With bitcoin trading near $81,000 at the time, the position carried roughly $17.8 million in unrealized losses. Coinbase Prime is KULR’s primary custodian, and the company has a $20 million credit facility from Coinbase Credit secured by portions of its BTC holdings. The movement could reflect collateral management or a drawdown, but pattern analysis suggests it may align with a pre-sale deposit.
Read at news.bitcoin.com
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