KULR Technology Group, a US-listed battery technology company, and The Smarter Web Company, a UK-listed web services group with a Bitcoin treasury strategy, have sold approximately 511 BTC and used the proceeds to retire approximately $31.7 million of obligations in disclosures published one day apart.
The total comprises $20 million of KULR principal and Smarter Web’s exact $11,698,540 repayment. Both companies acted voluntarily and retained substantial Bitcoin reserves; neither disclosure described a lender-forced liquidation. The shared consequence is that financing can turn assets presented as long-term holdings into repayment inventory without ending a treasury strategy.
KULR’s July 24 filing said it sold approximately 333 BTC…