On December 22, Asher Genoot, CEO of Nasdaq-listed bitcoin mining company Hut8, issued a document on platform X explaining why the company chose to establish strategic bitcoin reserves. He said: "Fundamentals-first operating strategy + proactive capital management = excellent value creation potential." According to screenshots shared by Asher Genoot, Hut8 's strategic bitcoin reserves support the flywheel effect, combining capital and operating strategies to accelerate the value creation of the entire business, its capital strategy includes: Allocate capital to projects with high ROICs, capture BTC price increases and strengthen the balance sheet, increase strategic BTC reserves through low-cost production and strategic market purchases, and focus on providing superior long-term returns to shareholders; its operating strategies include: expanding scale and geographical scope, developing digital infrastructure platforms, expanding the scale of BTC mining and reducing BTC mining costs.