PANews reported on December 19, according to Coindesk, that the listed Bitcoin mining company Hut 8 announced it has increased its holdings by 990 BTC at an average price of $101,710, bringing its total Bitcoin holdings to 10,096 BTC, with a market value of approximately $1 billion.

Additionally, Hut 8 CEO Asher Genoot stated that the company will seize opportunities to purchase more Bitcoin on the open market in the future.