KULR Technology Group, Inc. announced it has sold its entire holdings of Bitcoin (BTC) as part of its ongoing treasury management operations. The company also disclosed a grant of restricted stock units (RSUs) to its Chief Financial Officer.
Key Details
- Asset Disposition: KULR sold approximately 764 bitcoin between August 20, 2026, and September 11, 2026, generating aggregate gross proceeds of approximately $58.6 million.
- Sale Price: The open market sales were executed at a weighted average price of approximately $76,633 per BTC. As of the filing date, the company no longer holds any bitcoin.
- Executive Compensation: On September 4, 2026, the company granted 200,000 RSUs to CFO Michael Kimel, which will vest in eight semi-annual installments over a four-year period.