KULR Technology Group has fully exited its cryptocurrency treasury strategy, selling its remaining 764 Bitcoin for approximately $58.6 million between August 20 and September 11, 2026. This final liquidation follows an earlier July sale of 333 Bitcoin for $21.5 million, which KULR used to repay a $20 million Coinbase credit facility. By winding down its mining operations and selling its entire crypto stash, the battery safety and thermal management company has raised over $80 million in total gross proceeds to redirect capital back to its core energy business.
KULR Bitcoin liquidation
- ▪KULR Technology Group sold its remaining 764 Bitcoin for approximately $58.6 million in gross proceeds between August 20 and September 11, 2026
- ▪KULR Technology Group previously offloaded approximately 333 Bitcoin after June 30, 2026, for about $21.5 million at an average price of $64,538 per coin
- ▪The open-market sales of KULR Technology Group's remaining 764 Bitcoin were completed at a weighted average price of approximately $76,633 per coin, reducing its holdings to zero
Coinbase debt repayment
- ▪KULR Technology Group used approximately $20 million of its July 2026 Bitcoin sale proceeds to fully repay a credit facility principal owed to Coinbase
- ▪The $20 million Coinbase credit facility repaid by KULR Technology Group had been collateralized against the company's Bitcoin holdings
Treasury strategy reversal
- ▪KULR Technology Group's total liquidations across two rounds generated approximately $80.1 million in gross proceeds from about 1,097 Bitcoin
- ▪KULR Technology Group began accumulating Bitcoin as a treasury asset in late 2024, with its holdings peaking above 1,000 Bitcoin during 2026
Mining operation shutdown
- ▪KULR Technology Group's cryptocurrency strategy previously included operating mining infrastructure to layer an additional revenue stream onto its battery technology business
- ▪KULR Technology Group shut down its Bitcoin mining operations as part of a broader retreat from its cryptocurrency strategy
Capital redeployment to core business
- ▪KULR Technology Group redirected its capital and treasury focus toward its core energy business, which specializes in battery safety and thermal management technology
- ▪KULR Technology Group did not disclose specific plans for deploying the $58.6 million in gross proceeds, leaving open whether the funds will go to operations, debt, or acquisitions
- ▪Alongside the Bitcoin liquidation filing, KULR Technology Group disclosed a grant of 200,000 time-based Restricted Stock Units to Chief Financial Officer Michael Kimel
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