Hut 8 Joins Ranks of Top 10 Public Bitcoin Holders with Significant BTC Stockpile Growth
Hut 8 Joins Ranks of Top 10 Public Bitcoin Holders with Significant BTC Stockpile Growth
Bitcoin mining firm Hut 8 has announced a substantial increase in its Bitcoin (BTC) reserves, now holding over 13,000 BTC. This growth, representing an over 50% expansion from Q3 2024, positions Hut 8 among the top 10 largest public Bitcoin holders globally.
Hut 8's Bitcoin Holdings Soar
The prominent bitcoin miner, Hut 8, released its latest quarterly report on Tuesday, revealing a remarkable expansion of its BTC stockpile. The report indicates that the company's holdings of the flagship cryptocurrency grew by more than 50% compared to its position in Q3 2024.
This significant accumulation brings Hut 8's total Bitcoin reserves to over 13,000 BTC, a milestone that propels the firm into the distinguished group of the top 10 largest public holders of Bitcoin. This move underscores Hut 8's strategic focus on accumulating and HODLing BTC, reflecting confidence in the long-term value of the digital asset.