Leading Crypto Firms Riot, Hut 8, OSL, Cipher Mining, and Bitcoin Group SE Bolster Digital Asset Reserves
Several publicly listed companies recently announced significant expansions of their Bitcoin and crypto reserves, according to BBX data. Riot Platforms (NASDAQ: RIOT) disclosed plans to acquire 1,200 BTC, valued at approximately $86 million, via block trades within 48 hours. Concurrently, Hut 8 (NASDAQ: HUT) secured a $50 million revolving credit facility, earmarked for Bitcoin accumulation during market pullbacks. OSL Group (0863.HK) committed 15% of its annual profits to Bitcoin purchases, confirming an initial 500 BTC tranche was settled yesterday. Cipher Mining (NASDAQ: CIFR) reported its Bitcoin treasury reached 9,850 BTC yesterday, with projections to exceed 10,000 BTC soon. Bitcoin Group SE (XETRA: ADE) also added €15 million in crypto assets to its European reserves yesterday, citing inflation hedging in the Eurozone.