Hut 8 transfers 1,617 Bitcoin worth $121 million, possibly for sale

Nov 10, 2026 02:42 (2h ago)

Verifying

Hut 8 transferred another 1,617 Bitcoin in a transaction possibly linked to a sale.
The transfer was valued at about $121 million around two hours earlier.
Hut 8 sold 2,148 Bitcoin last October for $175 million used in share buybacks.

Hut 8 transferred 1,617 Bitcoin worth $121 million two hours ago, a move that may be intended for a sale, according to blockchain-monitoring firm Lookonchain. The transaction follows Hut 8's sale last October of 2,148 Bitcoin at an average price of $81,657, which generated $175 million used to repurchase shares.