{"id":72475,"date":"2026-05-13T20:30:11","date_gmt":"2026-05-13T20:30:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kulr-technology-deposits-300-btc-into-coinbase-prime-as-unrealized-losses-near-18-million\/"},"modified":"2026-05-13T20:30:11","modified_gmt":"2026-05-13T20:30:11","slug":"kulr-technology-deposits-300-btc-into-coinbase-prime-as-unrealized-losses-near-18-million","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kulr-technology-deposits-300-btc-into-coinbase-prime-as-unrealized-losses-near-18-million\/","title":{"rendered":"KULR Technology Deposits 300 BTC Into Coinbase Prime as Unrealized Losses Near $18 Million"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">KULR deposited 300 BTC ($24.36M) into Coinbase Prime on May 13, 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">KULR\u2019s 1,021 BTC position, bought at a $98,627 average, carries roughly $17.8M in unrealized losses.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The move aligns with a 99% drop in non-Strategy corporate BTC buying in 2026, per Cryptoquant.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">SALE OR COLLATERAL?<\/span><\/h2>\n<p><span style=\"font-weight:400\">KULR Technology Group (NYSE: KULR), the thermal energy management firm that <\/span><a href=\"https:\/\/news.bitcoin.com\/kulr-ramps-up-bitcoin-strategy-with-another-10m\/\"><span style=\"font-weight:400\">launched a bitcoin treasury strategy<\/span><\/a><span style=\"font-weight:400\"> in December 2024, deposited 300 <span>bitcoin<\/span> (valued at approximately $24.36 million) into Coinbase Prime, the institutional trading and custody arm of Coinbase, on Wednesday. <\/span><span style=\"font-weight:400\">The transfer occurred roughly three hours before the alert went live on X, pointing to the movement as a possible <span>liquidation<\/span> signal.<\/span><\/p>\n<figure id=\"attachment_813764\" aria-describedby=\"caption-attachment-813764\" style=\"width:1660px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-813764\" class=\"wp-caption-text\">KULR\u2019s recent <span>BTC<\/span> offload, per Arkham<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">KULR\u2019s last publicly disclosed position stood at 1,021 <span>BTC<\/span> as of July 2025, accumulated for a combined outlay of roughly $101 million at an average cost of $98,627 per coin. And, with <span>bitcoin<\/span> trading near $81,000 at the time of the deposit, the company is sitting on an unrealized loss of approximately $17.8 million across its full position.<\/span><\/p>\n<p><span style=\"font-weight:400\">Coinbase Prime serves as KULR\u2019s primary <span>bitcoin<\/span> custodian, and the company <\/span><a href=\"https:\/\/news.bitcoin.com\/kulr-secures-20m-coinbase-credit-line-for-bitcoin-buys\/\"><span style=\"font-weight:400\">secured a $20 million credit facility<\/span><\/a><span style=\"font-weight:400\"> from Coinbase Credit in July 2025, with loans secured against a portion of its <span>BTC<\/span> holdings. Routine collateral management or a drawdown against that facility could explain the movement, but Lookonchain\u2019s <a href=\"https:\/\/x.com\/lookonchain\/status\/2054472087621009413\" target=\"_blank\" rel=\"noopener noreferrer\">pattern analysis<\/a> suggests the transfer could be consistent with a pre-sale deposit rather than a collateral adjustment.<\/span><\/p>\n<h2><span style=\"font-weight:400\">FITTING A 2026 PATTERN<\/span><\/h2>\n<p><span style=\"font-weight:400\">Corporate <span>bitcoin<\/span> buying outside of Strategy <a href=\"https:\/\/news.bitcoin.com\/bitcoin-treasury-companies-pull-back-in-2026-as-strategy-accelerates-purchases-cryptoquant\/\">has collapsed 99%<\/a> from its August 2025 peak, with non-Strategy firms having collectively purchased fewer than 1,000 <span>BTC<\/span> in the most recent 30-day window, down from a combined 69,000 <span>BTC<\/span> at the height of the trend. Strategy, led by Michael Saylor, now controls roughly 76% of all <span>bitcoin<\/span> held by publicly listed corporate treasuries (with holdings of around 820,000 <span>BTC<\/span>).<\/span><\/p>\n<p><span style=\"font-weight:400\">KULR was once among the more committed names in this cohort, with the company having joined Strategy\u2019s \u201c <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> for Corporations\u201d initiative and <\/span><a href=\"https:\/\/news.bitcoin.com\/publicly-traded-firm-kulr-acquires-118-6-bitcoin-treasury-reaches-920-btc\/\"><span style=\"font-weight:400\">built its holdings<\/span><\/a><span style=\"font-weight:400\"> through successive purchases across 2025, reaching 1,021 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> after crossing the 920-coin mark mid-year. <\/span><\/p>\n<p><span style=\"font-weight:400\">The firm also posted an <\/span><a href=\"https:\/\/news.bitcoin.com\/kulr-q2-2025-bitcoin-gains-drive-8-14m-net-income-despite-wider-operating-loss\/\"><span style=\"font-weight:400\">$8.14 million net income<\/span><\/a><span style=\"font-weight:400\"> in Q2 2025, driven largely by unrealized <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> gains (even though its core operations continued to run at a loss). But n<\/span><span style=\"font-weight:400\">ow, with <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> roughly 18% below KULR\u2019s average entry price, that tailwind seems to have reversed. <\/span><\/p>\n<p><span style=\"font-weight:400\">The company is yet to issue any public statement regarding Wednesday\u2019s Coinbase Prime transfer.<\/span><\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/kulr-technology-deposits-300-btc-coinbase-prime\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways KULR deposited 300 BTC ($24.36M) into Coinbase Prime on May 13, 2026. KULR\u2019s 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. SALE OR COLLATERAL? [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72475"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72475"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72476"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}