KULR Sells Last 764 Bitcoins for Approximately $58.6 Million

Battery technology company KULR sold 764 bitcoins at an average price of approximately $76,633 between August 20 and September 11, raising about $58.6 million, bringing its bitcoin holdings down to zero. KULR previously disclosed that it had sold about 333 bitcoins since June 30, with approximately $20 million used to repay debts to Coinbase. The company stated that the funds will be prioritized for its core energy business and did not rule out the possibility of repurchasing bitcoins in the future.

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