HUT 8 MAY BE MAKING A BIG MOVE WITH ITS BITCOIN.
When a company holds thousands of Bitcoin, even one wallet movement can get people paying attention. And that’s exactly what’s happening with Hut 8 (@Hut8Corp).
Over the past two days, a wallet linked to the company has sent 1,589 $BTC , worth around $130 million, to multiple exchanges.
Now, here’s why people are watching closely. Hut 8 reportedly holds 10,278 #BTC worth about $845.6 million, so this transfer is no small move.
Could the company be preparing to sell part of its stash? Maybe. But there’s still no confirmation that the Bitcoin has actually been sold. It could be moved for other reasons, too.
Wallet: bc1qj5p4aed6sdp0hw5dtq3als2y7828w4xxx9xqka
For now, this is one of those on-chain moves worth keeping an eye on. The next step will tell us a lot more.
When a company holds thousands of Bitcoin, even one wallet movement can get people paying attention. And that’s exactly what’s happening with Hut 8 (@Hut8Corp).
Over the past two days, a wallet linked to the company has sent 1,589 $BTC , worth around $130 million, to multiple exchanges.
Now, here’s why people are watching closely. Hut 8 reportedly holds 10,278 #BTC worth about $845.6 million, so this transfer is no small move.
Could the company be preparing to sell part of its stash? Maybe. But there’s still no confirmation that the Bitcoin has actually been sold. It could be moved for other reasons, too.
Wallet: bc1qj5p4aed6sdp0hw5dtq3als2y7828w4xxx9xqka
For now, this is one of those on-chain moves worth keeping an eye on. The next step will tell us a lot more.