Morning Edition · Monday, July 27, 2026Published at 1:22 AM EDT · New York
Two Public Companies Sold 511 Bitcoin in a Day to Escape $31.7 Million in Debt
KULR and Smarter Web liquidated holdings to remove collateral risk and near-term maturities, a sign of financing strain in leveraged treasury vehicles.
Two publicly traded companies, KULR and Smarter Web, sold a combined 511 Bitcoin within 24 hours to clear about $31.7 million in debt, CryptoSlate reported. The sales removed KULR's collateral risk and Smarter Web's near-term maturity, alon…
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Part of a tracked trend
Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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