The 764 BTC sale is described as the disposal of KULR’s remaining holdings. No execution venue, counterparty, or fee treatment has been independently confirmed, and the figures should be verified against a primary filing before they are treated as final. For related coverage, see Increase in Public Bitcoin Treasury Holdings Documented.
KULR sells its remaining 764 Bitcoin for $59 million
KULR Technology is identified as the seller. The reported transaction covers 764 Bitcoin for proceeds of roughly $59 million. For related coverage, see Strategic Bitcoin Reserve Bill Set for Wednesday Markup.
An announcement date, exact execution price, and settlement details were not available in the research. The rounded figures should not be read as a verified per-coin execution price. For related coverage, see Peru Economy Ministry X Account Hacked in Fake Token Scam.
The company had previously leaned into a Bitcoin-first treasury posture, including when it secured a $20 million credit line to fund its Bitcoin strategy. This latest sale reverses that direction.
The final sale clears KULR’s Bitcoin treasury holdings
The transaction is presented as KULR’s last Bitcoin position, implying no treasury balance remains after settlement. That distinguishes it from the partial trims that companies often make to manage risk.
A holdings reconciliation, acquisition cost, and any realized gain or loss were not provided. The post-sale balance and its effective date still need confirmation from an official source.
Ending direct Bitcoin holdings is not, by itself, proof that every form of crypto exposure has ended. The claim here is narrow: the treasury Bitcoin is gone.
KULR fully exits its crypto treasury strategy
The reported outcome is a complete exit from the crypto treasury strategy. Management’s rationale and the intended use of the proceeds were not disclosed in the available research.
KULR is not alone in reversing course. In a comparable move, Satsuma Technology sold all 669 of its BTC and returned the cash to shareholders, a reminder that the corporate treasury trade can run in both directions.
The pullback stands against a broader backdrop in which public company Bitcoin holdings have been documented rising. KULR’s exit is a single-company decision, not evidence of a market-wide trend, a price impact, or a permanent ban on future purchases.
So what pushed KULR to unwind its entire Bitcoin position, and where does the $59 million go next?
Additional source references: source document 1.
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.
