Golden Finance reports that Bitcoin mining company Hut 8 stated it purchased approximately 990 Bitcoins at an average price of $101,710 each. The company said in a statement on Thursday that this purchase will increase Hut 8's Bitcoin reserves to 10,096 coins, equivalent to about $1 billion in market value, making it one of the top ten corporate holders of Bitcoin. Previously, Hut 8 announced earlier this month that it would launch a new $500 million market capitalization stock issuance plan. At that time, the company stated that a portion of the proceeds from the fund would be used to purchase Bitcoin and other assets in the open market.