Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt

Liquidation

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…

St Davids Distillery faces HMRC winding-up petition

Liquidation

St Davids Distillery Limited, based at Sunny Hill, Nine Wells near Haverfordwest in Pembrokeshire, faces a winding-up petition from HM Revenue and Customs (HMRC). The petition, filed under the Insolvency Act 1986, alleges unpaid tax debts and opens the door to compulsory liquidation if granted by the High Court. A notice in the London Gazette…