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KULR Technology Group has sold its entire remaining Bitcoin stash of approximately 764 BTC for roughly $58.6 million, bringing the company’s Bitcoin holdings to a clean zero. The sales took place in open-market transactions between August 20 and September 11, 2026, at a weighted average price of about $76,633 per coin.
The full unwind
Back in July 2026, the company offloaded roughly 333 BTC for about $21.5 million at an average price of $64,538 per coin. That earlier batch of proceeds went almost entirely toward paying off a $20 million credit facility with Coinbase, which had been collateralized against KULR’s Bitcoin holdings.
Repaying that loan freed up the remaining coins, which KULR then sold over the following weeks at notably higher prices. Getting $76,633 per BTC on the second batch versus $64,538 on the first represents a roughly 19% improvement in execution price. Combined, the two rounds of sales generated about $80.1 million in gross proceeds from approximately 1,097 BTC. At its peak during 2026, KULR’s holdings had exceeded 1,000 BTC, built up through a combination of direct purchases, mining operations, and the Coinbase credit facility.
From treasury asset to balance sheet burden
KULR’s Bitcoin adventure began in late 2024, joining a wave of smaller public companies that followed MicroStrategy’s playbook of converting treasury cash into Bitcoin. The company scaled its holdings past the 1,000 BTC mark and dabbled in Bitcoin mining operations, layering another crypto revenue stream onto its battery technology business.
For a company with KULR’s market capitalization, which sat at roughly $2.38 per share on the filing date, the swings in Bitcoin’s price created outsized impacts on the balance sheet. KULR’s decision to liquidate the July tranche specifically to retire that $20 million loan tells you everything about how the company’s leadership was thinking about risk by mid-2026.
What KULR does now
With roughly $58.6 million in fresh liquidity from the final sale, KULR is positioned to reinvest in its actual business. The company specializes in battery safety and thermal management technology, serving sectors like aerospace, defense, and electric vehicles. The company hasn’t disclosed specific plans for deploying the proceeds.
Alongside the Bitcoin sale filing, KULR disclosed a grant of 200,000 time-based Restricted Stock Units to CFO Michael Kimel. The RSUs vest over four years starting September 10, 2026.
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