The Bitcoin mining company Hut 8 announced the purchase of 990 bitcoins at an average price of $101,710 each, totaling approximately $100 million, bringing its bitcoin reserves to 10,096 coins, with a market value of about $1 billion, ranking among the top ten companies globally in terms of bitcoin holdings. Hut 8 stated that these bitcoin reserves will be managed flexibly through options strategies, staking, or selling, and plans to continue seeking opportunities to increase its holdings in the market. Influenced by recent industry trends, several mining companies have been purchasing bitcoins in the public market to optimize their asset structures, such as Riot and MARA, which have increased their buying efforts this year. (Coindesk)