PANews, October 16: According to Lookonchain monitoring, Hut 8, a Bitcoin reserve company holding 10,278 BTC (valued at $845.6 million), appears to be selling its Bitcoin holdings. Over the past two days, a wallet associated with Hut 8 deposited 1,589 BTC (valued at $130 million) into multiple exchanges.
Hut 8 Wallet Deposits 1,589 BTC, Worth $130M, to Exchanges in Two Days
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Summary
Today’s BTC news shows that a wallet linked to Hut 8 deposited 1,589 BTC (worth $130 million) to multiple exchanges over two days, according to Lookonchain. The company holds 10,278 BTC, valued at $845.6 million. BTC update: this movement reflects significant on-chain activity tracked by crypto analysts.
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