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Hut 8 Buys 990 BTC for $100 Million, Holding 10,096 BTC

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YM Lee
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  • Hut 8 reported that it invested a total of $100 million to purchase 990 BTC.
  • Hut 8's total Bitcoin holdings amount to 10,096 BTC.
  • The realized average price per BTC is reported to be $24,484.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC) mining company Hut 8 announced that it has purchased 990 BTC for $100 million.

According to a report by Cointelegraph on the 19th (local time), Hut 8 bought 990 BTC at an average purchase price of $101,710, bringing its total Bitcoin holdings to 10,096 BTC. The realized average price per BTC is $24,484.

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