KULR Technology Group sold its remaining 764 Bitcoin for approximately $58.6 million, leaving the company with no Bitcoin holdings. The transaction represents a full exit from the Bitcoin treasury position the company had previously built.

KULR sells its remaining Bitcoin

According to KULR’s Form 8-K filed with the SEC, the company sold approximately 764 Bitcoin, representing all of its remaining holdings. KULR reported aggregate gross proceeds of roughly $58.6 million.

The sales took place through open-market transactions with unrelated buyers as part of KULR’s treasury management. The transactions occurred between August 20 and September 11, 2026, and were completed on September 11.

This was not KULR’s first Bitcoin sale. The company previously sold 333 BTC between July 9 and August 11, 2026, generating net proceeds of $21.5 million. KULR disclosed that sale alongside the repayment of a Coinbase loan and the shutdown of its Bitcoin mining operations.

The company’s board established the policy behind the sales in May. On May 7, 2026, it authorized management to sell digital assets as needed to fund operations and other key priorities instead of issuing new stock. As a result, the latest transaction is relevant to how KULR is managing capital for its business, but the filing does not identify a specific use for the $58.6 million in proceeds.

Reported average sales price was about $76,633 per Bitcoin

KULR reported a weighted average sales price of approximately $76,633 per Bitcoin in its filings. Dividing the roughly $58.6 million in gross proceeds by 764 Bitcoin produces an implied average of about $76,700 per coin, which is close to the reported figure.

The calculated figure is an implied average based on the headline proceeds and the number of coins sold, not the price of a single transaction. The open-market sales comprised multiple trades that may have been executed at different prices.

The gross proceeds also do not establish KULR’s profit or loss. The company did not disclose the Bitcoin cost basis, trading fees or final net proceeds, meaning a gain or loss cannot be calculated from the disclosed figures alone.

KULR reports zero Bitcoin holdings

Following the final transactions, KULR reported that it held no Bitcoin as of September 11, 2026. This is a dated snapshot from the filing and is not a live confirmation of the company’s current balance.

KULR Bitcoin holdings as of September 11, 2026: 0 BTC

KULR had previously indicated that it did not expect to allocate surplus cash to Bitcoin for the foreseeable future. Instead, the company said it would prioritize its operating business, including its KULR ONE products and services. KULR also extended a pause in its at-the-market share sales through September 30, 2026. Future company disclosures may provide additional information about how management applies its stated operating and treasury priorities, but the current filing does not provide that detail.

Other public companies have also reduced or exited Bitcoin positions in 2026. These include two firms that liquidated 511 Bitcoin to address debt, while companies such as Metaplanet have continued expanding their Bitcoin operations.

KULR’s sale reflects the company’s cash-management and operating priorities and does not by itself indicate anything about Bitcoin’s broader performance. The filing does not specify the reason for the sale, how KULR plans to use the proceeds, or whether the company may purchase Bitcoin again in the future.

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always conduct your own research before making decisions.

Source: https://coinlineup.com/kulr-sells-remaining-764-bitcoin-holdings-zero