Bitcoin treasury firm KULR appears to sell part of its holdings at a loss

KULR Technology (KULR), a New York Stock Exchange-listed company known for its Bitcoin treasury strategy, appears to have sold 300 BTC ($24.36 million) at a loss after depositing the funds to Coinbase Prime two hours ago, according to EmberCN. The company announced in December 2024 that it would allocate 90% of its corporate reserves to Bitcoin investments. In July of last year, KULR disclosed that it held 1,021 BTC at an average purchase price of $98,923. EmberCN noted that at current prices, KULR's unrealized loss amounts to $18.25 million. The firm's stock price surpassed $43 after the Bitcoin accumulation announcement but has since declined, currently trading at $3.19.