According to Lookonchain monitoring, Bitcoin reserve company Hut 8, which holds 10,278 BTC (approximately $845.6 million), appears to be selling BTC. On-chain data shows that a wallet address associated with Hut 8 has transferred a cumulative total of 1,589 BTC—valued at approximately $130 million—to multiple exchanges over the past two days.
Hut 8 transferred 1,589 BTC to exchanges over two days via linked addresses.
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Summary
A BTC update shows that a wallet linked to Hut 8 moved 1,589 BTC to exchanges over two days, according to on-chain data from Lookonchain. The address holds 10,278 BTC, valued at approximately $845.6 million. Today’s BTC news highlights this movement as traders monitor activity. The transfers occurred across multiple platforms, with no additional details disclosed.
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