Hut 8 sold approximately 3,100 bitcoins in total to fund the repurchase and retirement of 3,338,479 shares, completing its original $250 million buyback plan.
In the third quarter, the company sold approximately 954 bitcoins to repurchase and retire 953,802 shares for about $74.8 million. After the quarter ended, it sold another approximately 2,148 bitcoins to repurchase and retire 2,384,677 shares for about $175.4 million. The two transactions totaled approximately $250 million.
· After completing the buyback plan, the board increased the total share repurchase authorization to $1 billion.
Would you be more interested in how many bitcoins it has left after selling about 3,100 to retire 3.338 million shares, or in how it will use the newly authorized $1 billion?
$BTC
In the third quarter, the company sold approximately 954 bitcoins to repurchase and retire 953,802 shares for about $74.8 million. After the quarter ended, it sold another approximately 2,148 bitcoins to repurchase and retire 2,384,677 shares for about $175.4 million. The two transactions totaled approximately $250 million.
· After completing the buyback plan, the board increased the total share repurchase authorization to $1 billion.
Would you be more interested in how many bitcoins it has left after selling about 3,100 to retire 3.338 million shares, or in how it will use the newly authorized $1 billion?
$BTC
