KULR Technology sells remaining 764 Bitcoin for $59M, fully exits crypto treasury strategy
strategic_reserves
KULR Technology sold its remaining 764 Bitcoin for approximately $59 million, fully ending its Bitcoin treasury strategy. The sale represents a complete reversal of the company’s earlier plan to allocate excess cash to Bitcoin and removes KULR as a corporate holder. The move highlights the potential for corporate Bitcoin strategies to be short-lived and sensitive to liquidity, market, or capital-allocation priorities.
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