KULR Technology Group said in a regulatory filing that it sold about 764 Bitcoin through open-market transactions between Aug. 20 and Sept. 11, generating roughly $58.6 million in gross proceeds at an average sale price of about $76,600 per BTC. The company described the sale as part of its ongoing treasury management operations. After completing the transactions, KULR no longer holds any Bitcoin. The filing also disclosed a separate board compensation decision: on Sept. 4, KULR’s Compensation Committee approved a grant of 200,000 restricted stock units, or RSUs, to Chief Financial Officer Michael Kimel. The award became effective on Sept. 10 and is set to vest in eight equal installments over four years. The disclosure combines a full exit from the company’s Bitcoin holdings with a new equity award for its CFO, both detailed in the same regulatory document.
According to BlockBeats, KULR Technology Group said in a regulatory filing on Sept. 14 that it sold about 764 Bitcoin through open-market transactions between Aug. 20 and Sept. 11.
The company said the Bitcoin was sold at an average price of about $76,600 per coin, generating roughly $58.6 million in gross proceeds. It described the sale as part of its ongoing treasury management operations. After the transactions were completed, KULR no longer held any Bitcoin.
The filing also said KULR’s board Compensation Committee approved a grant of 200,000 restricted stock units, or RSUs, to CFO Michael Kimel on Sept. 4. The award became effective on Sept. 10 and will vest in eight equal installments over four years.
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