Market
Will Hut 8 reach 15,000 bitcoins in holdings by December 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Hut 8's official financial statements or press releases
Story
Hut 8 and Marathon Digital Acquire $1.63B in Bitcoin, Boosting Holdings to $5.45B
Dec 19, 2024, 01:12 PM
Bitcoin mining companies Hut 8 and Marathon Digital Holdings have significantly expanded their Bitcoin reserves with substantial purchases. Hut 8 acquired 990 bitcoins at an average price of $101,710 per bitcoin, investing approximately $100 million and bringing its total holdings to 10,096 bitcoins valued at over $1 billion. The company's average cost per bitcoin in its reserves is $24,484. This acquisition makes Hut 8 the fourth public company to hold over 10,000 bitcoins on its balance sheet. Marathon Digital Holdings raised $1.925 billion through the issuance of convertible notes to acquire 15,574 bitcoins for $1.53 billion at an average price of $98,529 per bitcoin. This purchase increased Marathon's total holdings to 44,394 bitcoins valued at $4.45 billion as of December 18, 2024. Both companies are bolstering their Bitcoin reserves amid market fluctuations.
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Similar markets
Pledging as collateral • 25%
Other • 25%
Holding • 25%
Selling • 25%
$90,000 - $100,000 • 25%
$100,001 - $110,000 • 25%
Above $110,000 • 25%
Below $90,000 • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Above 70,000 BTC • 25%
60,001 - 70,000 BTC • 25%
50,000 - 60,000 BTC • 25%
Below 50,000 BTC • 25%