🚀 Hut 8 Joins Bitcoin Buying Spree! 🚀

- Hut 8, a Miami-based bitcoin miner, has purchased 990 bitcoins at an average price of $101,710 each, boosting its reserve to over 10,000 BTC, valued at around $1 billion.

- This move places Hut 8 among the top 10 corporate bitcoin holders, following the footsteps of MicroStrategy and MARA Holdings.

- CEO Asher Genoot emphasizes the strategic value of their bitcoin reserve, aiming to leverage it for financial growth and flexibility.

- With shares up 74% this year, Hut 8 plans further investments in self-mining capacity.

What are your thoughts on this trend? Share in the comments! 💬