KULR Technology Group has fully exited its Bitcoin treasury position, selling approximately 764 BTC in open-market transactions between August 20 and September 11, 2026. The battery and energy-management company reported zero BTC holdings as of the September 11 filing, according to a Form 8-K submitted under Item 2.01.
The final disposals generated gross proceeds of about $58.6 million at a weighted average selling price of roughly $76,633 per Bitcoin. The filing did not disclose the exact unrounded quantity, net proceeds, final-lot cost basis, or whether the company realized a gain or loss on the remaining sales.
The move completes a broader strategic unwind that began earlier in 2026. KULR had previously sold 333 BTC between July 9 and August 11 for around $21.5 million, with about $20 million used to repay principal owed to Coinbase. At June 30, KULR reported holding 1,091.69 BTC with a cost basis of about $109.8 million and fair value of roughly $63.9 million. The company also terminated its remaining digital asset mining services agreement effective July 31, removing a $2.1 million future commitment for a $0.15 million early termination fee.
CFO Mike Kimel said the actions were designed to reduce balance-sheet volatility and allow the company to focus capital on scaling its core energy business. He stated the goal was to reduce balance-sheet volatility, improve financial visibility, and concentrate capital and execution on the core business while maintaining a disciplined approach to shareholder dilution. The filing does not rule out future Bitcoin purchases, but for now KULR has removed direct Bitcoin price exposure from its balance sheet.
