U.S.-listed KULR Technology Group has sold all of its bitcoin holdings.

CoinPost, a blockchain media outlet, reported on Tuesday that KULR told the U.S. Securities and Exchange Commission it sold about 764 bitcoin between Aug. 20 and Sept. 11.

The sale took KULR's bitcoin holdings to zero. The company said only that the sale was part of financial operations. Proceeds from selling bitcoin on the open market were about $58.6 million. The average sale price was about $76,633 per bitcoin.

KULR develops advanced technologies in high-performance energy systems and AI robotics. In crypto markets, it had drawn attention as a listed company that accumulated bitcoin. This filing made clear the company has stepped back from its bitcoin treasury strategy.

The background had already emerged. KULR said on Aug. 13, when it released results for the second quarter of 2026, that it had begun reducing its bitcoin holdings. Chief financial officer Mike Kimmel said at the time that the bitcoin treasury strategy provided the company with "meaningful flexibility," but price volatility also had a large impact on its finances.

The company also ended bitcoin mining after the end of the second quarter. It repaid in full loans it received from Coinbase. Kimmel said the steps were aimed at maintaining a "disciplined approach to stock dilution" while reducing balance-sheet volatility.

The company also set out a policy to improve financial visibility and focus capital and execution capacity on growth in its core business. Kimmel said the series of steps was intended to improve financial visibility and concentrate capital and execution power on core business growth.

Based on the sale price alone, the average sale price of the bitcoin KULR disposed of was below its average acquisition cost as of the end of the second quarter. The company did not separately specify the average acquisition cost in this report, but its second-quarter 2026 report put the average acquisition cost at about $100,579 at the time.

KULR first bought bitcoin in December 2024 and steadily increased its holdings. Against that backdrop, the full liquidation appears closer to an adjustment in financial strategy than a simple asset swap. Whether KULR resumes holding bitcoin or maintains an operating-business-focused cash management stance will be the next point to watch.