#Hut 8 Surpasses $1,000 #Millones in Bitcoin Holdings Following $100 Million Acquisition on $BTC 馃挵
Hut 8, one of North America's leading Bitcoin #mineria firms, has acquired 990 BTC for $100 million, bringing its total holdings to over $1 billion. This strategic purchase aligns with its dual strategy of producing Bitcoin at low cost and buying BTC opportunistically. CEO Asher Genoot highlighted that the firm anticipates organic growth of its holdings at a significant discount to market prices. Despite legal challenges, Hut 8 continues to strengthen its position in the Bitcoin market.
