Hut 8 purchased 990 bitcoins for about $100 million, becoming one of the top ten bitcoin holders in the world!

According to Golden Finance reports, Hut 8, one of North America's largest bitcoin mining companies, recently purchased 990 bitcoins for about $100 million, increasing its total bitcoin holdings to 10,096, with a market value exceeding $1 billion.

This purchase has made Hut 8 one of the top ten corporate bitcoin holders in the world.

Hut 8's CEO Asher Genoot stated that this strategic bitcoin reserve is an important component of the company's financial strategy, aimed at optimizing balance sheet performance and supporting the company's growth plans.

Hut 8's average purchase cost for its bitcoin reserves is $24,484 per bitcoin.

This reserve will support the company's financial position as it pursues expansion in power and digital infrastructure.

Through this purchase, Hut 8 has positioned itself as one of the top ten corporate bitcoin holders in the world.