KULR Technology sells remaining 764 Bitcoin for $59M, fully exits crypto treasury strategy

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KULR Technology Group sold its entire remaining 764 Bitcoin holdings for approximately $58.6 million between August 20 and September 11, 2026, at a weighted average price of about $76,633 per coin. The company had previously sold 333 BTC in July 2026 for $21.5 million, using the proceeds to pay off a $20 million credit facility with Coinbase. Combined, the two transactions generated approximately $80.1 million from roughly 1,097 BTC. The second batch was sold at a price roughly 19% higher than the first, improving overall execution. KULR now plans to reinvest the proceeds into its core battery safety and thermal management business serving aerospace, defense, and electric vehicle sectors.

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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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