Lookonchain said a wallet linked to Bitcoin treasury company Hut 8 appears to have moved 1,589 BTC to multiple exchanges over the past two days, raising the possibility that the company is selling part of its holdings. The transferred Bitcoin was valued at about $130 million based on the figures cited in the report. The monitoring note did not state whether any sale had been completed, but described the activity as suspected selling. The same report said Hut 8 holds 10,278 BTC in total, worth about $845.6 million. The update was published by Odaily as a short market-moving newsflash and attributed the on-chain observation to Lookonchain.
Odaily reported that, according to Lookonchain monitoring, Bitcoin treasury company Hut 8 appears to be selling BTC.
Over the past two days, a wallet linked to Hut 8 transferred 1,589 BTC to multiple exchanges, with the tokens valued at about $130 million.
The report also said Hut 8 holds 10,278 BTC, worth about $845.6 million.
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