๐ Crypto Buzz: Hut 8's Bold Move! ๐
- Hut 8 has launched a $500M at-the-market (ATM) program and a $250M stock repurchase initiative to boost its Bitcoin reserves and strengthen its balance sheet.
- CEO Asher Genoot believes this strategy will help Hut 8 navigate market volatility and expand its mining infrastructure.
- This trend follows MicroStrategy's lead, with firms like Marathon Digital Holdings also increasing their BTC reserves.
- Will more companies and even U.S. states join the crypto reserve bandwagon? Share your thoughts below! ๐ฌ