Golden Finance reports that Bitcoin mining company Hut 8 stated it purchased approximately 990 Bitcoins at an average price of $101,710 each. The company said in a statement on Thursday that this purchase will bring Hut 8's total Bitcoin reserves to 10,096 Bitcoins, equivalent to a market value of about $1 billion, making it one of the top ten largest corporate holders of Bitcoin. Previously, Hut 8 announced the launch of a new $500 million market capitalization stock issuance plan earlier this month. At that time, the company stated that a portion of the proceeds from the fund would be used to purchase Bitcoin and other assets in the open market.