KULR Technology transfers 145.8 BTC to Coinbase Prime, incurring a $22.62M loss

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KULR Technology transferred 145.8 BTC to Coinbase Prime on July 24, valued at $9.45 million. Over three months, the company reduced its BTC holdings from 1,021 to 100, leaving $6.47 million in reserves. The average purchase price of BTC was $98,923, sold at $74,368, resulting in a $22.62 million loss. BTC dominance remains under pressure as companies offload holdings amid changing market conditions.

ChainThink reports that, as of July 24, on-chain monitoring shows that Bitcoin treasury company KULR Technology transferred 145.8 BTC to Coinbase Prime five hours ago, valued at approximately $9.45 million.

Over the past three months, KULR Technology has repeatedly reduced its BTC holdings, decreasing from an original 1,021 BTC to just 100 BTC, approximately $6.47 million.

The company's average purchase price for BTC reserves is $98,923, and the average selling price is $74,368, resulting in an accumulated loss of approximately $22.62 million.

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