Hut 8 transferred another 1,617 BTC, valued at approximately $121.43 million, according to Lookonchain monitoring cited by Jinse Finance on November 10, 2026. The transfer reportedly occurred roughly two hours before the report.
Transfer follows October Bitcoin sale
The report said Hut 8 had sold 2,148 BTC in October 2026 for approximately $175.4 million, at an average price of about $81,657 per BTC. The proceeds were used for share repurchases.
The November transfer was reported as a movement of Bitcoin, not a confirmed sale. The report did not specify its destination or purpose, so it does not establish that Hut 8 sold additional BTC or intended to fund further buybacks.
Source: Jinse Finance original report, published November 10, 2026, at 10:44:42 (UTC+8), citing Lookonchain.