KULRTech recently moved 145.8 BTC valued at $9.45 million to Coinbase Prime, leaving just 100 BTC worth $6.47 million in its holdings. This marks a significant reduction from their original stash of 1,021 BTC, which was valued at about $101 million.
The company has been liquidating its Bitcoin portfolio during a prolonged market slump. Bitcoin has dropped 48% from its October 2025 all-time high, pushing many institutional holders like KULRTech deep into losses. Reports indicate KULRTech’s Bitcoin holdings have suffered over $18 million in unrealized losses, and the company appears close to exiting the market entirely if the downtrend continues.
Alongside KULRTech, other Bitcoin treasury firms also face sharp declines. Although total Bitcoin treasury holdings have increased by roughly 230,000 BTC since late 2025, their overall value plunged from $128.5 billion at the peak to $81.5 billion today, a staggering $47 billion drop. This signals that despite accumulating more coins, these investors are holding assets worth far less, intensifying financial strain and prompting more selling pressure.
KULRTech’s stock price illustrates the impact of Bitcoin’s poor performance on companies heavily invested in it. Since its high of $43 after announcing its Bitcoin exposure, KULRTech shares have collapsed 78%, trading near $2.7 now.
This ongoing capitulation by large holders keeps Bitcoin’s market under pressure and raises concerns about further declines, as these institutional sales drain liquidity that fueled the 2024-2025 rally.
