KULR Technology Unloads Significant Bitcoin Holdings Amid Market Volatility

KULR Technology, a leading player in thermal energy management and storage solutions, has made a significant move in its bitcoin holdings. On May 13th, the company deposited 300 BTC into Coinbase Prime, the institutional trading and custody arm of Coinbase.

The transfer is being closely watched by analysts, who are trying to understand the motivations behind it. While routine collateral management or a drawdown against the company's existing credit facility could explain the movement, some experts suggest that this could be indicative of a pre-sale deposit rather than a collateral adjustment.

KULR's recent move comes as the broader market witnesses a sharp decline in non-strategic corporate buying of bitcoin. According to Cryptoquant data, this trend has collapsed by 99% from its peak in August 2025, with fewer than 1,000 BTC being purchased collectively by non-strategic firms in the past 30 days.