Trading King

07/26 18:42

Why two public companies quietly liquidated 511 Bi

#Up or Down? Put Your Market Intuition to the Test! #Discuss Hot Assets , Enter the Lucky Draw #HTX Refer And Earn Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt Voluntary sales removed KULR's collateral risk and Smarter Web's near-term maturity and 7.7 million potential shares. 01KULR and Smarter Web sold about 511 BTC to retire roughly $31.7 million in obligations. 02KULR cleared its Coinbase principal and Smarter Web repaid a convert, cutting collateral, maturity, and dilution risk. 03Both firms kept sizable Bitcoin reserves, but loan covenants and near-term maturities still show how treasury 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.

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