Lookonchain said Bitcoin treasury company Hut 8 holds 10,300 BTC worth about $846 million, while a wallet linked to the firm appears to have moved coins to exchanges. According to the monitoring data cited by ChainCatcher, the address labeled bc1q...xqka deposited 1,589 BTC to multiple exchanges over the past two days, with the transferred holdings valued at roughly $130 million. ChainCatcher described the activity as a sign that Hut 8 may be selling Bitcoin. The report did not provide further details on specific exchange destinations beyond saying the transfers went to several platforms.
Bitcoin treasury company Hut 8 holds 10,300 BTC worth about $846 million and may be selling Bitcoin, according to monitoring data from Lookonchain cited by ChainCatcher.
A wallet linked to Hut 8, identified as bc1q...xqka, deposited 1,589 BTC to multiple exchanges over the past two days, the report said. The transferred amount was valued at about $130 million.
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