Hut 8’s new treasury strategy is set to let the company use its bitcoin reserves for growth initiatives.

“Bitcoin held in reserve may be deployed through direct sales, option strategies or other approaches,” Hut 8 said in a press release. 

The mining company plans to utilize its new strategy for strategic initiatives, which could include upping its operating scale. 

The announcement comes a little over a month before the fourth bitcoin halving, which will drop mining rewards from 6.25 bitcoin (BTC) down to 3.125 BTC per block.

Read more: The next bitcoin halving is coming. Here’s what you need to know

“As we head into the halving, we anticipate that distressed assets will…

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