Bitcoin firms dump holdings as treasury losses reach $30B – Whats next?
Bitcoin [$BTC] has failed to keep up with the market expectations. During the institutional boom of 2024–2025, many firms accelerated aggressive Bitcoin accumulation. By 2026, as market conditions turned unfavorable, some treasuries were forced to liquidate positions to fund operations. KULR Technology Group dumps $24.36 million in $BTC With $BTC struggling, KULR Technology Group has begun selling its holdings, most likely to cut losses. According to Arkham data, KULR Technology Group transferred 300 $BTC, worth $24.36 million, to Coinbase Prime. In December 2024, KULR announced it would allocate 90% of its surplus cash to Bitcoin. By July 2025, the company had built a reserve of 1,021 $BTC worth $101 million, purchased at an average price of $98,923. Source: Arkham Entering the market during the institutional boom, KULR benefited from favorable sentiment and a U.S. policy shift, with its stock soaring 10x to $43.92 after the reserve announcement. Now, with $BTC trading well below its average entry price, the companys holdings have lost $18.25 million. Source: Google Finance The fading market frenzy has also hit its stock hard, which has dropped 74% year‑on‑year to $3.19, underscoring the struggles faced by public firms holding Bitcoin on their balance sheets. Bitcoin public companies scale back amid rising losses In addition to KULR Technology, Bitcoin