KULR Technology pauses Bitcoin purchases, trims holdings to refocus on core business

BitcoinWorld KULR Technology pauses Bitcoin purchases, trims holdings to refocus on core business KULR Technology, a New York Stock Exchange-listed company that had positioned itself as a digital asset treasury, has halted its Bitcoin accumulation strategy and sold approximately 333 BTC since June.

The move signals a strategic pivot as the company redirects capital toward its core battery technology business.

Strategic shift amid Bitcoin volatility KULR CFO Mike Kimel confirmed the company’s decision to pause further Bitcoin purchases, citing the cryptocurrency’s volatility as a factor that made it harder for shareholders to assess the value of the company’s primary operations.

The company initially adopted a Bitcoin treasury strategy to leverage its digital asset holdings for financial flexibility, but recent market conditions prompted a reassessment. As of June 30, KULR held 760 BTC, down from approximately 1,093 BTC earlier in the year.