RE:$8.comining soonvirgintrader99 wrote: Thank you for seeking alpha article about HUT
Thank you again if it hit $10. next week
Two more advantages that I am seeing for investing in HUT8.
1. The float is relatively low. Total shares of all classes are 96,732,324 as per
https://money.tmx.com/en/quote/HUT as at Jan 8, 2021.
2. As per the latest NR @ https://stockhouse.com/news/press-releases/2021/01/06/hut-8-mining-corp-opens-bitcoin-yield-account-with-genesis ..... 4% ROI on its BTC holdings means quite a bit if you think about simple compound interests .....
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The BTC Yield account will enable Hut 8 to earn at a 4 per cent rate of return on its BTC Holdings. With an initial investment of 1000 bitcoin, the Genesis Yield Account will allow Hut 8 to increase or decrease holdings with one days' notice, offering both the returns and the flexibility essential for continued and strategic growth.
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The BTC Yield account is central to Hut 8 strategy, allowing the company to leverage Bitcoin to earn interest in Fiat, enabling payment to operational expenditure in centralized currency and ultimately increasing Hut 8's capacity to HODL.
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