BlockBeats reported that on December 22, Asher Genoot, CEO of Nasdaq-listed Bitcoin mining company Hut 8, explained on the X platform why the company chose to establish strategic Bitcoin reserves. He stated, 'Fundamentals-first operational strategy + proactive capital management = outstanding value creation potential.'
According to a screenshot shared by Asher Genoot, Hut 8's strategic Bitcoin reserves support a flywheel effect, combining capital and operational strategies to accelerate overall business value creation. Its capital strategy includes: allocating capital to high ROIC projects, capturing BTC price increases and strengthening the balance sheet, increasing strategic BTC reserves through low-cost production and strategic market purchases, and focusing on delivering excellent long-term returns for shareholders. Its operational strategy includes: scaling and expanding geographic reach, developing digital infrastructure platforms, expanding BTC mining scale, and reducing BTC mining costs.
