Exiting its Bitcoin treasury strategy, KULR sells its last 764 BTC

Odaily News: Battery technology company KULR sold 764 bitcoin between August 20 and September 11 at an average price of approximately $76,633, generating about $58.6 million; as of September 11, its bitcoin holdings had dropped to zero.

KULR previously disclosed that it had sold approximately 333 bitcoin after June 30, with about $20 million of the proceeds used to repay Coinbase debt. The filing did not disclose the cost basis, realized gains or losses, or the use of funds. The company said the funds will be prioritized for its core energy business and did not rule out the possibility of repurchasing bitcoin in the future.