Exchanges· ★★★· bearish·

KULR Technology sells final 764 BTC, exits bitcoin treasury strategy

  • —Sold 764 BTC for $58.6 million at an average price of $76,633
  • —Bitcoin balance reduced to zero by Sept. 11
  • —KULR previously sold 333 BTC for $21.5 million, with $20 million going to Coinbase debt
  • —The company's mining operation has been shut down
Why it matters: Another public company is winding down its bitcoin treasury strategy, adding pressure to the narrative of corporate demand for BTC.
#BTC
Source: CryptoSlate
More on this
Markets · Sep 23
Bitcoin Breaks $85,000 as ETF Inflows Hit $435M and XRP Options Heat Up
 Regulation · 21:51
CLARITY Act failure hits Coinbase, Circle and Strategy as shares fall 5–10%
 Markets · 17:06
Analyst: Bitcoin could hit $457,000 by 2030 under power law model