Hut 8, a star in the Bitcoin mining industry, has recently made significant moves! According to Coindesk, the company has purchased 990 Bitcoins at an average price of $101,710, bringing its total holdings to 10,096 Bitcoins, with a market value of approximately $1 billion💰. That's quite a hefty investment!
Hut 8's CEO Asher Genoot stated that they plan to continue purchasing more Bitcoins in the open market in the future. It seems they are very confident about the future of Bitcoin! This recent acquisition has undoubtedly brought some fresh discussion topics to the market📈. However, the market is unpredictable, so investments should be made cautiously!