Another public company has abandoned its Bitcoin treasury after selling the last 764 BTC

KULR Technology Group has sold its remaining Bitcoin, completing a retreat from a treasury strategy it began unwinding in August.The battery technology company sold about 764 Bitcoin between Aug. 20 and Sept. 11 for roughly $58.6 million in gross proceeds, according to a regulatory filing. The transactions were completed at a weighted average price of about $76,633 per Bitcoin.The sales reduced KULR’s Bitcoin holdings to zero as of Sept. 11, closing out a position that the company had already cut sharply as it repaid debt, ended its mining operation, and redirected capital toward its core energy business.KULR said it sold the Bitcoin through a series of open-market transactions to unrelated buyers as part of its treasury management operations. The filing did not disclose the coins' cost basis or whether the final disposal produced a realized gain or loss.The exit extends a reversal that became visible in August, when KULR disclosed that it had sold roughly 333 Bitcoin after June 30 for about $21.5 million. About $20 million of those proceeds went toward repaying principal owed to Coinbase.That repayment reduced one balance-sheet pressure tied to the company’s Bitcoin strategy while...