KULR halts Bitcoin purchases, sells 333 BTC since June

KULR Technology, a New York Stock Exchange-listed company known as a digital asset treasury, has halted Bitcoin purchases and sold about 333 BTC since June to reinvest capital into its core business, CryptoSlate reported. KULR CFO Mike Kimel said the company’s Bitcoin accumulation strategy had provided financial flexibility, but Bitcoin’s volatility was making it harder for shareholders to assess the value of its core battery business. As of June 30, local time, KULR held 760 BTC.