StocksMedium•4 November 2026•
1 min read
Hut 8 Sells 3,102 Bitcoin to Fund $250 Million Share Buyback Program
Key Facts
1Hut 8 sold 3,102 Bitcoin to fund a $250 million buyback of its own common stock.
Hut 8 sold a total of 3,102 Bitcoin to fund a $250 million buyback of its own common stock, 247wallst.com reported. The company opted to prioritize returning capital to shareholders through buybacks over holding digital assets on its balance sheet.
HUT closed at $63.75 on November 3, 2026, as the market reacted negatively to the liquidation of Bitcoin assets. The stock traded between a low of $55.16 and a high of $64.58 during that session, reflecting investor concerns over the company's long-term strategy and the reduction of its digital asset base.