Crypto
KULR Dumps Remaining BTC Holdings for $58.6M
KULR Technology Group has sold its remaining 764 BTC for approximately $58.6 million, bringing its Bitcoin holdings to zero.
The company sold the coins between August 20 and September 11 through open-market transactions at a weighted average price of about $76,633 per bitcoin.
This sale follows an earlier disposal of about 333 BTC after June 30, 2026, which generated roughly $21.5 million. About $20 million of those proceeds was used to repay principal owed to Coinbase.
KULR has also shut down its Bitcoin mining operation and the move marks a sharp reversal from its earlier corporate Bitcoin accumulation strategy.