Hut 8 Transfers $161 Million in Bitcoin to Exchanges

Key Facts

1A wallet tied to Hut 8 moved nearly 2,000 BTC to exchanges and trading desks over a seven-day period.

2The wallet emptied its entire balance by early Friday according to Arkham labeling.

A wallet tied to Hut 8 moved nearly 2,000 BTC, valued at approximately $161 million, to exchanges and trading desks over a seven-day period. news.bitcoin.com reported that the wallet emptied its entire balance by early Friday according to Arkham labeling, suggesting a potential liquidation or rebalancing of the mining firm's holdings.

HUT closed at $76.09 on October 15, 2026, while COIN closed at $183.81 on the same date. The transfers originated from Coinbase Prime custody wallets before the source addresses were completely cleared. This large-scale movement follows a period where the firm held over 10,000 BTC in its treasury before the recent outflows began.