Bitcoin News: H100 Acquires 2,455 BTC as Active Addresses Fall to 2019 Low

Key Insights:

• Bitcoin news: H100 bought 2,455.37 BTC for $154.44 million, taking its total holdings to 3,506.4 BTC.
• BTC crypto active addresses fell to levels last seen around 2018 and 2019 before recovering.
• CME hedge funds flipped net long on BTC futures, a rare shift that points to rising bullish bets.

Bitcoin news is drawing attention to H100 after the company purchased 2,455.37 BTC for $154.44 million. The move brings this company’s holdings to 3,506.4 BTC, while weak network activity and a rare shift among CME hedge funds give the market mixed signals.

The H100 Bitcoin News Boost

H100 Group bought 2,455.37 BTC at an average price of $62,900. Lookonchain reported that the purchase is worth about $154.44 million and takes the company’s total Bitcoin holdings to 3,506.4 BTC, valued at about $228.4 million.

The latest purchase was made below H100’s overall average purchase price of $78,399. This means the company added the coins at a lower price than the average cost of its existing Bitcoin holdings.

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