KULR Technology Halts Bitcoin Purchases, Trims Holdings by 333 BTC

KULR Technology pauses BTC accumulation and sells 333 coins to refocus on battery tech. CFO cites volatility hindering valuation clarity for core operations.

Woofun AI reports that KULR Technology has suspended its Bitcoin accumulation strategy and divested approximately 333 BTC since June. The New York Stock Exchange-listed firm redirects capital toward its core battery technology business, with CFO Mike Kimel citing cryptocurrency volatility as a barrier to assessing primary operational value. As of June 30, holdings stood at 760 BTC, down from roughly 1,093 earlier in the year. Proceeds from the sale will fund research, development, and operational initiatives within the battery sector.