Hut 8, a crypto mining giant has announced a bold move, strengthening it's $BTC holdings. The company is launching a $500 million stock offering, with an aim to increase it's Bitcoin reserves, significantly.
Signaling it's bullish stance further, Hut 8 also unveiled a $250 million stocks buyback program. This strategic scheme demonstrates the company's confidence in it's future and it's commitment to maximize shareholders' value.
As the institutional interest in Bitcoin continues to surge, Hut 8 is positioning itself as one of the major player in the crypto mining industry.
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Source: CoinGape