---
title: "Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset"
url: https://diffcoin.com/hut-8-to-raise-up-to-500m-to-buy-bitcoin-as-a-strategic-reserve-asset/
description: "Hut 8 stock surged almost 8% following the announcement of the stock repurchase program. Source link"
published: 2024-12-05
updated: 2024-12-05
author: "Mila"
site: "Diffcoin"
---

# Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset

Hut 8 stock surged almost 8% following the announcement of the stock repurchase program.

[Source link](https://cointelegraph.com/news/hut-8-raise-500-million-buy-bitcoin-strategic-reserve-asset?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)