KULR Sells Remaining 764 Bitcoin for $59M, Exits BTC Treasury

KULR Technology Group has sold its remaining Bitcoin, offloading approximately 764 BTC for a headline-rounded $59 million and leaving the company with no Bitcoin on its balance sheet as of its September 11, 2026 regulatory report. The disposal, disclosed in a Form 8-K, completes the company’s full exit from its crypto treasury strategy.

KULR sells its remaining 764 Bitcoin for $59 million

Sale size and reported value

The KULR Bitcoin sale covered roughly 764 BTC, executed in open-market transactions to unrelated purchasers between August 20 and September 11, 2026, per KULR’s Form 8-K. Those coins represented all of the company’s remaining Bitcoin holdings. For related coverage, see Balancer Proposes Shutdown and Treasury Distribution to BAL Holders.

All remaining Bitcoin sold

≈764 BTC

The filing reported approximately $58.6 million in aggregate gross proceeds at a weighted average sales price of roughly $76,633 per BTC. The $59 million cited in the headline is a rounded figure, and the gross proceeds are not a net-proceeds or profit number. For related coverage, see Aave V4 Proposal Puts DAO Funds First for Bad Debt.

Aggregate gross sale proceeds

≈$58.6 million

Bitcoin traded at $78,528 at the time of research, up about 2.4% on the day, meaning KULR’s weighted average execution price sat below current spot. The company’s move contrasts with corporate accumulators such as Metaplanet, which is expanding its Bitcoin footprint rather than winding one down.

The sale marks KULR’s full exit from its crypto treasury strategy

What the treasury strategy exit means

Selling the last of its Bitcoin ends KULR’s crypto treasury strategy, with the company holding zero BTC as of the report date. The 8-K characterizes the sales as part of ongoing treasury management operations, not as a declared permanent prohibition on future cryptocurrency holdings. For related coverage, see Grayscale Gives XRP 26% Weight in New Advisor Model Portfolio.

The wind-down was telegraphed earlier. In its August 13 earnings release, KULR reported a $10,591,667 Bitcoin change-in-fair-value loss for the second quarter of 2026, alongside revenue of $2,080,177 and an operating loss of $11,204,578, according to the company’s Q2 disclosure. Those figures separate the non-cash valuation swing on Bitcoin from core operating performance.

CFO Mike Kimel said at the time that KULR had exited Bitcoin mining, repaid its Coinbase loan in full and begun reducing its Bitcoin holdings after quarter-end. The reduction ran counter to the legislative push behind a strategic Bitcoin reserve bill advancing in the House, underscoring how corporate and policy appetites for BTC can diverge.

These actions are designed to reduce balance-sheet volatility, improve financial visibility, and allow us to concentrate our capital and execution on scaling the core business while maintaining a disciplined approach to shareholder dilution. — Mike Kimel, KULR CFO

What remains unclear about KULR’s Bitcoin sale

The completed 8-K does not disclose the cost basis of the sold coins, a realized gain or loss on the final tranche, or a specific use of the proceeds. It also does not declare an irrevocable ban on future crypto activity; the zero-BTC balance reflects a stated date, not a binding forward policy.

Secondary reporting has attributed an earlier July sale of roughly 333 BTC and specific proceeds allocations to KULR, but those exact figures and any deployment of the final proceeds remain unconfirmed by the fetched primary filing. Watch KULR’s next quarterly report for how it accounts for the disposal and where the cash lands; broader treasury sentiment tracks the market-wide Fear & Greed reading of 57, currently in “Greed.”

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.