KULR Technology Group has abandoned its Bitcoin accumulation strategy, selling approximately 333 BTC for $21.5 million after June and repaying a $20 million Coinbase credit facility secured by 565 BTC. The company recorded a net loss of $21.97 million in the second quarter, including a $10.59 million non-cash Bitcoin fair-value loss, while revenue fell 43% to $2.08 million. KULR also shut down its Bitcoin mining operations and now holds approximately 760 BTC, with management authorized to sell more if corporate priorities require. This retreat reflects a broader trend among companies that adopted Bitcoin treasury strategies during the previous bull cycle but are returning to core businesses amid persistent volatility.
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