KULR Technology: Selling Bitcoin Holdings

KULR Technology just dumped 300 BTC valued at $24.36M into Coinbase Prime, sparking speculation of a broader sell-off in this volatile crypto market crash. Back on July 9, 2025, the public company shelled out roughly $101M for 1,021 BTC at an average price of $98,627, but now stares down $17.8M in unrealized losses as Bitcoin price predictions turn bearish. Institutional players like KULR mirror wider Bitcoin market trends, where even amid the TAO hype and BTC volatility, firms cut exposure to dodge deeper hits in this crypto downturn. This move underscores the brutal reality for corporate treasuries betting on BTC amid regulatory scrutiny and shifting AI industry impact on tech valuations.