Hut 8 Buys $100M in BTC

This is a news story, published by CoinGape, that relates primarily to Bitcoin news.

Bitcoin news

For more Bitcoin news, you can click here:

more Bitcoin news

crypto trading & speculation news

For more crypto trading & speculation news, you can click here:

more crypto trading & speculation news

CoinGape news

For more news from CoinGape, you can click here:

more news from CoinGape

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about

Top Bitcoin miner Hut

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Bitcoin price news, crypto market news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Bitcoin miner Hut

CoinGape

•

Bitcoin miner Hut 8 has added $100 million worth of BTC to its portfolio

Summary

Nutrition label

63% Informative

Leading Bitcoin miner Hut 8 has recently purchased $ 100 M in BTC, sending its Bitcoin Reserve's market value to over $1 billion .

Hut 8 said that the firm has purchased 990 Bitcoin , worth around $100 million , or an average of about $101,710 per BTC.

This latest accumulation has fueled market optimism, especially as global leaders, as well as corporate firms, are racing to accumulate the flagship crypto.

Meanwhile, Bitcoin price has recovered from its 24-hour low of $ 98,792 , with experts predicting a strong run ahead.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech