Public company KULR, which provides energy storage solutions for aerospace and defense companies, just bought more Bitcoin for its treasury.

The San Diego, California-based firm started stacking sats in December when it bought 217.18 Bitcoin for approximately $21 million. Then, last month, it bought another $21 million worth of orange coins. 

And on Tuesday, KULR—which trades on the NYSE—announced another $10 million purchase. It now holds 610.3 BTC, worth over $59 million, according to today’s price of $97,000 per coin. 

Its stock is today down by more than 4%, trading at $2.26 a share. 

KULR did not immediately respond to Decrypt’s request for comment, but said in its announcement that it is committed to putting up to 90% of its surplus cash reserves in Bitcoin.

The company—and other American public firms—are following in the footsteps of Strategy (

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Author: Mathew Di Salvo

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