{"id":13210,"date":"2026-09-14T11:13:24","date_gmt":"2026-09-14T11:13:24","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13210"},"modified":"2026-09-14T11:13:24","modified_gmt":"2026-09-14T11:13:24","slug":"another-public-company-has-abandoned-its-bitcoin-treasury-after-selling-the-last-764-btc","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13210","title":{"rendered":"Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>KULR Technology Group has sold its remaining Bitcoin, completing a retreat from a treasury strategy it began unwinding in August.<\/p>\n<p>The battery technology company sold about 764 Bitcoin between Aug. 20 and Sept. 11 for roughly $58.6 million in gross proceeds, according to a regulatory filing. The transactions were completed at a weighted average price of about $76,633 per Bitcoin.<\/p>\n<p>The sales reduced KULR\u2019s Bitcoin holdings to zero as of Sept. 11, closing out a position that the company had already cut sharply as it repaid debt, ended its mining operation, and redirected capital toward its core energy business.<\/p>\n<p>KULR said it sold the Bitcoin through a series of open-market transactions to unrelated buyers as part of its treasury management operations. The filing did not disclose the coins&#8217; cost basis or whether the final disposal produced a realized gain or loss.<\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-562314\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8.png\" alt=\"KULR sold approximately 764 BTC from Aug. 20 to Sept. 11, 2026 for approximately $58.6 million gross at a weighted average $76,633 per BTC, leaving zero holdings as of the report.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter wp-image-562314\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8.png\" alt=\"KULR sold approximately 764 BTC from Aug. 20 to Sept. 11, 2026 for approximately $58.6 million gross at a weighted average $76,633 per BTC, leaving zero holdings as of the report.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-e35ae805-d504-4c26-b7fb-9afc9f69dbd8-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<p>The exit extends a reversal that became visible in August, when KULR disclosed that it had sold roughly 333 Bitcoin after June 30 for about $21.5 million. About $20 million of those proceeds went toward repaying principal owed to Coinbase.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p>That repayment reduced one balance-sheet pressure tied to the company\u2019s Bitcoin strategy while also shrinking its exposure to the cryptocurrency. KULR had previously accumulated Bitcoin as a treasury asset and operated mining infrastructure before beginning to pull back.<\/p>\n<h2>KULR shifts capital back toward its core business<\/h2>\n<p>The latest sale removes the remaining direct link between KULR\u2019s treasury and Bitcoin\u2019s price at a time when several public companies have reassessed crypto-heavy balance sheets amid volatile financing conditions and weaker equity-market premiums.<\/p>\n<p>KULR\u2019s earlier retreat also included shutting down its Bitcoin mining operation as management moved to concentrate capital on its energy platform. The Sept. 11 sale completes that transition on the asset side, leaving the company without the Bitcoin holdings that had previously amplified both gains and losses on its balance sheet.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Why two public companies quietly liquidated 511 Bitcoin in 24 hours to escape $31.7 million in debt<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The $58.6 million in gross proceeds gives KULR additional liquidity, though the filing does not spell out how the company plans to deploy the cash. That leaves investors focused on whether management channels the funds into operations, debt reduction, acquisitions, or other balance-sheet priorities.<\/p>\n<p>The company has also stopped short of ruling out future Bitcoin purchases. Its filing records the disposal of the remaining holdings but does not establish a permanent ban on rebuilding a position later.<\/p>\n<p>For now, the more immediate question is how quickly KULR can convert the proceeds into operating returns from the energy business it has chosen to prioritize.<\/p>\n<\/div>\n<p>Crypto,Bitcoin,BTC,Coinbase,miningBitcoin,BTC,Coinbase,mining#public #company #abandoned #Bitcoin #treasury #selling #BTC1789384404<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KULR Technology Group has sold its remaining Bitcoin, completing a retreat from a treasury strategy it began unwinding in August. The battery technology company sold about 764 Bitcoin between Aug. 20 and Sept. 11 for roughly $58.6 million in gross proceeds, according to a regulatory filing. The transactions were completed at a weighted average price<\/p>\n","protected":false},"author":1,"featured_media":13211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1724,91,285,84,87,447,1279,609,585],"class_list":["post-13210","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-abandoned","tag-bitcoin","tag-btc","tag-coinbase","tag-company","tag-mining","tag-public","tag-selling","tag-treasury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"KULR, the battery company, now holds no Bitcoin after months of asset sales, debt repayment and strategic retrenchment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13210\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC\" \/>\n<meta property=\"og:description\" content=\"KULR, the battery company, now holds no Bitcoin after months of asset sales, debt repayment and strategic retrenchment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13210\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-14T11:13:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/kulr-bitcoin-dump.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13210\",\"name\":\"Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/kulr-bitcoin-dump.webp\",\"datePublished\":\"2026-09-14T11:13:24+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"KULR, the battery company, now holds no Bitcoin after months of asset sales, debt repayment and strategic retrenchment.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13210\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/kulr-bitcoin-dump.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/kulr-bitcoin-dump.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13210#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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