H100 Snaps Up 2,455 BTC as Bitcoin Active Addresses Plunge to 2019 Low

H100 Group has made another significant Bitcoin purchase, acquiring 2,455.37 BTC for $154.44 million, bringing its total holdings to 3,506.4 BTC valued at approximately $228.4 million.

The company purchased the coins at an average price of $62,900, which is lower than H100's overall average purchase price of $78,399.

This significant transaction has caught the attention of market observers, but it remains unclear whether this will have a direct impact on Bitcoin prices. Other market data suggests weak network activity and a rare shift among CME hedge funds from net short to net long positions on BTC futures.