Kulr Technology Group sells bitcoin holdings and grants RSUs to CFO

KULR Technology Group, Inc. (KULR) has sold its remaining bitcoin holdings, with 764 bitcoin being liquidated through open market transactions at an average price of $76,633 per bitcoin, generating approximately $58.6 million in gross proceeds. This move comes as the company's stock price has declined by 47% over the past year and 6.7% in the last week, currently trading at $2.38.

Additionally, KULR has granted 200,000 restricted stock units (RSUs) to its CFO, Michael Kimel, under the company’s 2025 Equity Incentive Plan, with the RSUs set to vest over four years. These developments highlight ongoing financial challenges for the company, as reported in their recent Q2 2026 earnings, which fell short of expectations with an adjusted loss of $0.47 per share.

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