How Much Bitcoin Does Hut 8 Hold?
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Hut 8 is one of the largest publicly known Bitcoin treasury holders among mining companies. It holds tens of thousands of BTC across its balance sheet and affiliated entities, giving it direct exposure to Bitcoin price movements beyond operational mining revenue.
This treasury strategy is a double-edged sword. When Bitcoin prices rise, Hut 8 benefits significantly. When prices fall, the company absorbs mark-to-market risk. For investors, this makes Hut 8 closer to a hybrid between a mining operator and a Bitcoin-backed infrastructure company.
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holding that much Bitcoin cuts both ways, amazing in bull runs and painful when things turn