Hut 8, one of North America's leading Bitcoin miners, has just made a massive leap in its Bitcoin holdings. On December 19, 2024, the company announced a $100 million acquisition of Bitcoin, adding 990 BTC to its reserves at an average price of $101,710 per coin. This move has pushed Hut 8’s total Bitcoin stash to over 10,096 BTC, surpassing a staggering $1 billion in market value.

On November 25, 2024, Rumble Inc. (NASDAQ:RUM), the video-sharing platform and cloud services provider, made a bold announcement: the company's Board of Directors has approved a corporate treasury diversification strategy to allocate a portion of its excess cash reserves to Bitcoin. This decision positions Rumble as the latest company to embrace Bitcoin as a strategic asset, underscoring its belief in cryptocurrency's transformative potential.