Bitcoin mining company Hut 8 increased its holdings by 990 BTC, bringing its total reserves to a value of 1 billion dollars

according to Coindesk, publicly listed Bitcoin mining company Hut 8 announced that 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.

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