KULR Technology Exits Bitcoin Treasury, Selling 764 BTC for $58.6 Million

KULR Technology Group has liquidated its entire Bitcoin position, selling approximately 764 BTC over a three-week stretch for roughly $58.6 million in gross proceeds and bringing its crypto treasury balance to zero.

The NYSE American-listed company disclosed the sales in a Form 8-K filed with the U.S. Securities and Exchange Commission, covering transactions executed between August 20 and September 11, 2026. The coins were sold through open-market transactions to unrelated buyers, according to the filing, though KULR offered no detail on execution venues, counterparties, or fee treatment.

The filing described the move simply as part of ongoing treasury management. It did not state what the company plans to do with the proceeds, nor whether KULR might resume Bitcoin purchases at some point. As of September 11, the company reported holding no Bitcoin.

A strategy reversal months in the making

The sale marks a sharp reversal from the Bitcoin-first treasury posture KULR embraced earlier in its crypto journey. The company had previously secured a $20 million credit line to fund its Bitcoin strategy and built a meaningful position on its balance sheet.

That direction began to shift in May. On May 7, 2026, the board authorized management to sell digital assets as needed to fund operations and key priorities, rather than issuing new stock. The authorization set the stage for a series of liquidations that unfolded over the summer.