07:09 AM EDT, 07/22/2025 (MT Newswires) -- Hut 8 ( HUT ) on Tuesday said it has secured a commercial license in the Dubai International Financial Centre (DIFC) that permits investments and certain non-financial commercial activity.

The license, which boosts Hut 8's ( HUT ) ability to deploy Bitcoin held in reserve into structured derivatives strategies, is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs, a statement said.

In fiscal year 2024, Hut 8 ( HUT ) generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve.

"We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy," said Chief Executive Asher Genoot. "It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management."

Hut 8 ( HUT ) shares were last seen up US$0.15, to US$21.49, in New York pre-market trading.