Investing.com – Hut 8 Corp, one of the largest Bitcoin mining companies in North America, has just strengthened its Bitcoin reserves by acquiring an additional 990 Bitcoin valued at approximately $100 million, according to a Thursday announcement.
This transaction raises the total number of Bitcoin held by the company to 10,096, with a market value exceeding $1 billion.
Hut 8, which operates large-scale energy infrastructures, continues to assert its position as one of the world's leading Bitcoin holders.
The company's Bitcoin reserve was purchased at an average price of $24,484 per Bitcoin, as part of a long-term financial strategy aimed at optimizing the balance sheet and supporting growth initiatives.
"Strategic Bitcoin reserves are a core component of our treasury management strategy, providing sustainable momentum to enhance value for the entire business," said Asher Genoot, CEO of Hut 8.
This reserve will play a crucial financial support role as Hut 8 accelerates its energy and digital infrastructure expansion plans.