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KULR sells its last 764 Bitcoin

CryptoSlate says the sale generated roughly $58.6 million in gross proceeds, leaving KULR with no Bitcoin as it refocuses on its energy business.

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2 Sources, 20d ago, first seen 20d ago

TLDR

CryptoSlate reports that KULR sold its remaining 764 BTC for roughly $58.6 million in gross proceeds, reducing its Bitcoin holdings to zero. The outlet says the exit follows earlier sales to repay debt and the closure of KULR’s mining operation as the company refocuses on its energy business.

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4.6K

2 Sources, first seen 20d ago

5 likes1 comments1 saves2 reposts

Combined views

4.6K

2 Sources, first seen 20d ago

5 likes1 comments1 saves2 reposts

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2 Sources

@CryptoSlateKULR sold its remaining 764 BTC for roughly $58.6M in gross proceeds, leaving its Bitcoin holdings at zero. The exit follows earlier sales to repay debt and the closure of its mining operation as it refocuses on its energy business. https://cryptoslate.com/another-public-company-has-abandoned-its-bitcoin-treasury-after-selling-the-last-764-btc/20d
@cryptodotnewsJUST IN: KULR Technology sells its entire Bitcoin stash KULR sold its remaining 764 $BTC for about $58.6 million between Aug. 20 and Sept. 11, exiting Bitcoin at a weighted average price of roughly $76,633 per coin.20d
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    2 Sources

    @CryptoSlateKULR sold its remaining 764 BTC for roughly $58.6M in gross proceeds, leaving its Bitcoin holdings at zero. The exit follows earlier sales to repay debt and the closure of its mining operation as it refocuses on its energy business. https://cryptoslate.com/another-public-company-has-abandoned-its-bitcoin-treasury-after-selling-the-last-764-btc/20d
    @cryptodotnewsJUST IN: KULR Technology sells its entire Bitcoin stash KULR sold its remaining 764 $BTC for about $58.6 million between Aug. 20 and Sept. 11, exiting Bitcoin at a weighted average price of roughly $76,633 per coin.20d
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