Bitcoin mining company Hut 8 increased its holdings of 990 BTC, increasing the value of its total reserves to US$1 billion

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

In addition, Hut 8 CEO Asher Genoot also stated that he will seize the opportunity to purchase more Bitcoins on the open market in the future.