Hut 8 (HUT) purchased approximately 990 Bitcoin. The aggregate purchase price of the acquired Bitcoin was approximately $100M, or an average of approximately $101,710 per Bitcoin. Combined with the Bitcoin held prior to this purchase, Hut 8’s strategic Bitcoin reserve now totals 10,096 Bitcoin with a market value of more than $1B as of December 18. The company believes this positions it as one of the ten largest corporate owners of Bitcoin in the world. The purchased Bitcoin will play a central role in an innovative financing model for the company’s previously announced fleet upgrade.
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