hut

#Hut 8 Surpasses $1,000 #Millones in Bitcoin Holdings Following $100 Million Acquisition on $BTC 💰

Hut 8, one of North America's leading Bitcoin #mineria firms, has acquired 990 BTC for $100 million, bringing its total holdings to over $1 billion. This strategic purchase aligns with its dual strategy of producing Bitcoin at low cost and buying BTC opportunistically. CEO Asher Genoot highlighted that the firm anticipates organic growth of its holdings at a significant discount to market prices. Despite legal challenges, Hut 8 continues to strengthen its position in the Bitcoin market.
$BTC

U.S. Stock Market Sees Significant Gains Led by Tech and Crypto Stocks
According to BlockBeats, the U.S. stock market experienced notable gains with the Nasdaq Composite rising by 2.02% and the S&P 500 increasing by 1.15%. The surge was particularly strong in cryptocurrency-related stocks. Tesla (#TSLA ) saw a remarkable increase of over 10.46%, while MicroStrategy (#MSTR ) expanded its gains to 7.05%. MARA Holdings (#MARA ) rose by 12.43%, Riot Platforms (#RIOT ) increased by 5.9%, and Hut 8 Corp. (#hut ) climbed by 7.29%.

$HUT #hut
It collided with the correction band at $31, then formed a double top and started a correction process. The underlying factor was the Fed’s decision to pause rate cuts. Then the double top played out, and it fell below the $13 target to $11 due to tariff fears, even pulling back to the green support line