US-listed KULR Technology Group has fully exited its Bitcoin position, selling its remaining 764 Bitcoin between August 20 and September 11 for gross proceeds of approximately $58.6 million. The weighted average sale price was about $76,633 per Bitcoin, according to a regulatory filing.
KULR Cuts Bitcoin Holdings to Zero
As of September 11, KULR held no Bitcoin after completing open-market sales to unrelated buyers. The company described the transactions as part of its treasury management activities. The filing did not disclose the cost basis for the coins sold or indicate whether the final disposal resulted in a realized gain or loss. However, the average sale price was below KULR’s reported average acquisition cost of about $100,579 per Bitcoin at the end of the second quarter.
KULR first purchased Bitcoin in December 2024 and steadily increased its holdings. By August 2026, management had begun reversing that strategy as financial priorities shifted.
Company Ends Mining and Repays Coinbase Loans
The Bitcoin sale followed other steps that reduced KULR’s cryptocurrency exposure. The company ended its Bitcoin mining operation after the second quarter and repaid its Coinbase loans in full.
Chief Executive Michael Kimmel said the measures aimed to limit stock dilution while reducing balance-sheet volatility. KULR also introduced a policy designed to improve financial visibility. Management redirected funds and operational resources toward growth in the company’s core energy business.
The September 11 Bitcoin sale completed the treasury side of that shift, removing KULR’s remaining direct exposure to Bitcoin price changes. Previously, movements in Bitcoin could increase or reduce the value of assets on its balance sheet.
USD 58.6 Million Sale Adds Liquidity
The Bitcoin disposal generated approximately $58.6 million in gross proceeds and increased KULR’s available liquidity. The filing did not explain how the company plans to use that cash, leaving investors without details on whether the proceeds will go toward operations, debt reduction, acquisitions, or other balance-sheet priorities.
KULR has not ruled out future Bitcoin purchases. The filing records the sale of its remaining holdings but does not prevent the company from rebuilding a position later.
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