KULR Technology Group and The Smarter Web Company disclosed the sale of a combined 511 Bitcoin in announcements published one day apart, with both companies using the proceeds to reduce debt rather than expand their Bitcoin treasuries.

The disclosures represent an uncommon case of public companies holding Bitcoin selling part of their positions to lower leverage, instead of following the more widely discussed corporate strategy of continued accumulation. For readers tracking corporate crypto treasuries, the distinction matters because a Bitcoin sale tied to debt repayment can change both a company’s asset mix and its financing profile, without necessarily signaling a full retreat from Bitcoin holdings.

Two Public Companies Report Bitcoin Sales

KULR Technology Group said it sold 333 BTC between July 9 and July 23, 2026, generating approximately $21.5 million in gross proceeds, according to a U.S. SEC Form 8-K filing.

The Smarter Web Company, a UK-listed firm, said it disposed of 177.8909127 BTC and received net proceeds of $11,698,540, according to a London Stock Exchange RNS announcement.

Together, the two disclosures account for 510.8909127 BTC, which rounds to the 511 Bitcoin cited in the combined total. The sales were reported through formal market disclosure channels rather than through informal updates or leaks, giving investors specific figures for proceeds, debt repayment, and remaining holdings.

The primary filings do not establish that both companies liquidated Bitcoin within a single 24-hour trading window. KULR’s sale period lasted roughly two weeks, while Smarter Web’s announcement did not include a transaction timestamp. The disclosures themselves were published one day apart.

Proceeds Directed Toward Debt Reduction

KULR used $20 million of its proceeds to fully repay its Coinbase credit facility on July 22, 2026. The repayment released 565 BTC of collateral back to the company, according to the filing.

Smarter Web used its proceeds for an early partial redemption of its TOBAM financing, retiring that obligation ahead of schedule. Combined, the two repayments total $31,698,540, the debt figure central to the transactions.

Neither filing states that a lender or regulator forced an immediate liquidation. Both companies presented the transactions as elective debt-reduction measures, choosing to reduce Bitcoin-backed obligations rather than raise new capital through other means.

For KULR, the transaction changed the status of pledged assets: repayment of the Coinbase facility released 565 BTC that had been held as collateral, converting those coins into unencumbered holdings. That collateral release is separate from the sale itself and is relevant because pledged Bitcoin can be restricted by financing terms even when it remains on a company’s balance sheet.

Remaining Bitcoin Holdings

Both companies retained substantial Bitcoin positions after the transactions. KULR reported that it still held 760 BTC, while Smarter Web reported retaining 2,700 BTC. The disclosures therefore point to balance-sheet restructuring rather than a full exit from Bitcoin treasury holdings.

The sales contrast with the broader public narrative around corporate Bitcoin accumulation, including strategies associated with companies that continue to build Bitcoin positions even while acknowledging potential downside scenarios. One such firm recently warned that Bitcoin could fall 11.4% annually in a stress scenario while continuing to expand its holdings.

At a Bitcoin spot price near $64,676, up 0.74% on the day, 511 BTC represented a modest share of daily market volume and was unlikely to move the broader market by itself. The broader backdrop was cautious, with the crypto Fear and Greed Index reading 26, placing it in Fear territory.

The disclosures highlight the role of financing structure in corporate Bitcoin treasury decisions. Companies that borrow against Bitcoin can face pressure to sell or restructure holdings when repayment schedules tighten. Future filings from KULR and Smarter Web may show whether either company reports additional sales, updates its remaining debt position, or revises its treasury policy.