HUT8
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THOUGHTS ON THE MARKET š®š
š Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
š Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
ā¼ļøUsually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
š Miner #MARA bought 15,574 $BTC worth ~$1.53 billion at an average price of $98,529 per coin. The purchase was secured by the sale of convertible bonds.
š Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
ā¼ļøUsually smart money sits in companies, they would not take #bitcoin on highs. Also an interesting observation, these stocks always fell before corrections! And now they are just accumulating strength in the sideways trend.
THOUGHTS ON THE MARKET šš¹
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
Within this channel if we go down to $99000, then #alts will also fall sharply! for now, refrain from trading unless you short against the trend!
If we go up after the #FedRateCuts , then it will be easier!
$BTC has not finished growing and the distribution targets are higher! #Altacoins cannot be so low at the peak of #bitcoin !
Many are losing faith in the #AltSeason , they are already tired of waiting for a miracle phenomenon! but it cannot be at the dominance of 58-59%!
šØ Hut 8 ($HUT) bought $100M worth of Bitcoin, adding 990 BTC at an average price of $101,710.
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
They now hold 10,096 $BTC (~$1B).
The miner plans to use this reserve for options, pledges, or sales and may buy more BTC in the future.
#Hut8 #BitcoinMining
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Hut 8 Doubles Down on Bitcoin
Hut 8, a crypto mining giant has announced a bold move, strengthening it's $BTC holdings. The company is launching a $500 million stock offering, with an aim to increase it's Bitcoin reserves, significantly.
Signaling it's bullish stance further, Hut 8 also unveiled a $250 million stocks buyback program. This strategic scheme demonstrates the company's confidence in it's future and it's commitment to maximize shareholders' value.
As the institutional interest in Bitcoin continues to surge, Hut 8 is positioning itself as one of the major player in the crypto mining industry.
#BitcoinUpdate #Hut8 #CryptoMining
Source: CoinGape
Signaling it's bullish stance further, Hut 8 also unveiled a $250 million stocks buyback program. This strategic scheme demonstrates the company's confidence in it's future and it's commitment to maximize shareholders' value.
As the institutional interest in Bitcoin continues to surge, Hut 8 is positioning itself as one of the major player in the crypto mining industry.
#BitcoinUpdate #Hut8 #CryptoMining
Source: CoinGape