Hut 8 transferred another 1,617 BTC worth approximately $121.43 million, according to Lookonchain monitoring cited by BlockBeats. The transfer occurred about two hours before the report.
Earlier October sale
The report said Hut 8 sold 2,148 BTC in October for approximately $175.4 million at an average selling price of about $81,657. The company used those proceeds for share buybacks.
Transfer intent not disclosed
The reported 1,617 BTC movement does not by itself establish a sale, destination, custody change or new buyback transaction. The figures are monitoring snapshots and can change with market prices.
Source: BlockBeats English report, citing Lookonchain, published Nov. 10, 2026.