jain.com

Hut 8 deposited 1,589 BTC to exchanges

Company: Hut 8

Subject kind
financing
Statement date
2026-10-16
Promised amount
1589.0 BTC
Current status
stated

The claim, verbatim

Hut 8 deposited 1,589 BTC, valued at about $130 million, into multiple exchanges over the past two days, according to on-chain observer @lookonchain.

Source (primary)

Hut 8 Appears to Be Selling 1,589 BTC as Market Dynamics Shift - Cryptonews.net (-, news_article)
View cached copy (2026-10-16)Live source ↗Archive.org ↗

Quote: “the firm deposited 1,589 $BTC into multiple exchanges, valued at approximately $130 million, as noted by CryptoTwitter commentator @lookonchain”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Hut 8 Appears to Be Selling 1,589 BTC as Market Dynamics Shift - Cryptonews.net

Quote: “the firm deposited 1,589 $BTC into multiple exchanges, valued at approximately $130 million, as noted by CryptoTwitter commentator @lookonchain”

View cached copy (2026-10-16)Live source ↗Archive.org ↗