Energy storage company KULR Technology Group has bought an additional $9 million Bitcoin for its corporate treasury, the company announced Tuesday, part of a recent surge of companies that have been building treasuries of the digital asset.  

Publicly traded KULR, which has headquarters in Houston, now holds 800.3 tokens worth about $85 million, based on current pricing. 

The company bought its latest Bitcoin at an average price of $103,234 per token. Bitcoin was recently trading at roughly $106,200, up about a percentage point over the past 24 hours and more than 25% over the past month, according to crypto markets data provider CoinGecko.

KULR is trading at $1.24 as of writing time, down 3% over the past 24 hours.

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Author: Liz Napolitano

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