KULR Technology Group sells remaining 764 BTC, ends Bitcoin treasury

KULR Technology Group, a battery‑technology public company, has completed the sale of its remaining Bitcoin holdings, fully exiting its crypto‑treasury strategy.

Sale details

Between August 20 and September 11 the company sold approximately 764 Bitcoin for a total of about $58.6 million, at a weighted‑average price of roughly $76,633 per coin.

Background to the retreat

KULR began unwinding its Bitcoin position in August, after previously selling around 333 Bitcoin for $21.5 million. Proceeds from that earlier sale were used to repay roughly $20 million of debt owed to Coinbase, reducing balance‑sheet exposure to the cryptocurrency.

Impact on the balance sheet

• All Bitcoin holdings are now zero as of September 11.
• The company has also shut down its Bitcoin mining operation.
• Liquidity has increased by $58.6 million, though the filing does not specify the intended use of the cash.

Future outlook

KULR has not ruled out the possibility of repurchasing Bitcoin in the future, but its current focus is on redirecting capital toward its core energy business and improving operating returns.