HUT8
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THOUGHTS ON THE MARKET 🔮📉
📈 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.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually 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.
📈 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.
📈 Miner #HUT8 reported purchasing 968 $BTC at an average price of $101,710. The total balance exceeded $1 billion (10,096 BTC).
‼️Usually 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 📊💹
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%!
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Overview of Important Overnight Developments on December 20
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
Rae Linden Q5R8:
你这第五条根本没搜到啊
🚨 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
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