According to ME News, on September 14 (UTC+8), publicly listed company KULR Technology Group filed regulatory documents stating that, between August 20 and September 11, it sold approximately 764 bitcoins through open market transactions at an average price of about $76,600 per bitcoin, generating gross proceeds of approximately $58.6 million. This sale is part of the company’s ongoing treasury management activities, and KULR no longer holds any bitcoins following the transaction. Additionally, on September 4, KULR’s Compensation Committee approved the grant of 200,000 restricted stock units (RSUs) to the company’s CFO, Michael Kimel, with vesting to occur in eight equal installments over four years, beginning on September 10. (Source: BlockBeats)
KULR Sells Entire Bitcoin Holdings for $58.6M
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Summary
KULR Technology Group sold 764 BTC between August 20 and September 11, 2026, at an average price of $76,600, generating $58.6 million in gross proceeds. The company now holds no Bitcoin, as this transaction was part of its capital management strategy. On September 4, the board approved 200,000 RSUs for CFO Michael Kimel, vesting over four years. The decision aligns with a risk-to-reward ratio strategy, demonstrating disciplined technical analysis in managing the crypto portfolio.
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