Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC

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KULR Technology Group sold its remaining 764 Bitcoin between August 20 and September 11 for approximately $58.6 million in gross proceeds, at a weighted average price of about $76,633 per Bitcoin. The company now holds zero Bitcoin, completing its retreat from its cryptocurrency treasury and mining strategy. The sale provides additional liquidity, though the filing did not disclose how the proceeds will be deployed or whether the disposal produced a realized gain or loss. KULR has not ruled out future Bitcoin purchases.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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