Bitcoin market is making big moves again. Insiders reveal that Hut 8, a major mining company, recently reached a new extension agreement with a leading compliant platform. According to publicly available documents from January 3rd, the revised credit agreement increased the maximum loan amount from the original $130 million to $200 million, an increase of $70 million. More importantly, the additional financing has already been fully received.

The signing of this financing took place on December 22nd of last year, and the entire process appears to have gone smoothly. Numerically, Hut 8's activity in Bitcoin-backed loans is becoming increasingly active. The $200 million limit reflects institutional investors' confidence in BTC assets and indicates that the integration of traditional finance and the crypto ecosystem is accelerating. Especially with Bitcoin directly used as collateral to obtain liquidity, this model has become standard operation for large mining companies.

What does this reveal? On one hand, it shows that leading mining companies like Hut 8 still have a bullish outlook on Bitcoin in the long term; on the other hand, the willingness of compliant platforms to expand credit limits indicates an improved assessment of mining asset quality. In the entire ecosystem, Bitcoin is increasingly resembling a standard collateral in institutional finance, evolving from a purely trading asset.