Since the October 2025 peak, Bitcoin has failed to sustain an uptrend, falling 48% from its ATH. Amid this extended market weakness, long-term holders, especially institutions, have seen their losses skyrocket.
The rising losses have pushed many of these firms to a breaking point, and they are not only capitulating but also walking away.
KULRTech dumps $9 million in Bitcoin
Treasuries that rushed to accumulate Bitcoin [BTC] from late 2024 and 2025, fearing they would miss out, have found themselves operating at a loss.
Others were pushed to capitulate to avoid more losses, and one such Bitcoin treasury company is KULRTech.
KULRTech has been aggressively dumping its BTC over the past months. According to Arkham data, KULRTech transferred 145.8 BTC worth $9.45 million to Coinbase Prime.
After multiple transfers, its holdings of 1,021 BTC worth $101 million now have only 100 BTC worth $6.47 million left.
In its selling spree, the company has mostly exited at a loss. AMBCrypto earlier reported that KULR Bitcoin holdings saw over $18 million in losses.
Now with only 100 BTC left, it seems the company is on the verge of completely exiting its position. Thus, if weakness continues, the company is likely to sell and exit the market entirely.
Even more impactful for KULRTech, the company’s stock value was hit the hardest by extended Bitcoin poor performance.
Yahoo Finance data showed that the company’s stock declined 78% from its ATH of $43 recorded after it announced its BTC investment. As of this writing, the firm’s stock value was around $2.7.
Treasuries holdings value plunges $47 billion from 2025 peak
KULR Technology Group, Inc is one of the many Bitcoin treasury companies operating at a loss. Also, it joins a long list of these firms aggressively selling.
Interestingly, while Treasury companies have increased their holdings in 2026, they have yet to reclaim peak value.
In 2025, Bitcoin treasury companies held 1.02 million BTC worth approximately $128.5 billion at the peak. Now, these firms hold 1.25 million BTC worth $81.5 billion, marking a $47 billion drop from the 2025 peak.
Thus, although holdings have increased by 230k BTC, the value remains extremely low, signaling rising losses. For example, Strategy is currently operating on $9 billion in losses.
With these major investors holding at a loss and continually selling, the Bitcoin market still remains at extreme risk. Thus, fear from treasuries could drive continued market weakness, further reducing the capital that BTC relied on significantly for the 2024-2025 rally.
Final Summary
- KULR Technology Group transferred 145.8 BTC worth $9.45 million to Coinbase Prime, reducing total holdings to 100 Bitcoin.
- Bitcoin treasuries have increased holdings by 230k BTC since October 2025, but value dropped from $128 billion to $81 billion.
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