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Hut 8 Moves $130M of Bitcoin to Exchanges in Two Days

Hut 8 moved $130M of bitcoin to exchanges in two days, raising sell-side fears. Here is what the deposit means for BTC support and the market.

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4 Articles

DiarioBitcoin

Hut 8 Moves BTC 1.966 for $161 Million and Uncertainty About Its Reserves Grows

Hut 8 transferred BTC 1.966.64, valued at USD $161.26 million, from a portfolio linked to its custody to exchanges and other destinations in seven days. Movements coincide with a change of business focus, although chain data does not prove that the company has sold those coins.

2 hours ago

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Bitcoin.com

Hut 8 Funnels $161 Million in Bitcoin to Exchanges

A wallet tied to Hut 8 has pushed nearly 2,000 BTC toward exchanges and trading desks in seven days, emptying itself by early Friday. Following the Coins The trail starts in custody, and Arkham labelled the source addresses as Hut 8’s Coinbase Prime custody wallets. From there, the coins hopped to a single intermediary address […]

2 hours ago

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