Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $256 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve
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Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $220 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at … [Read more...] about Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price
The price of Bitcoin (BTC) is outpacing the popular Stock-to-Flow (S2F) model, which predicts that the BTC price will eventually reach $200,000.The S2F model forecasts the long-term price trend of Bitcoin by taking two main factors into account, namely the amount of BTC in existence (the stock) against the amount of newly mined coins entering the market (the flow).Bitcoin is on … [Read more...] about En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price