Bitcoin-funded buyback rationale
Company: Hut 8
The claim, verbatim
CEO Asher Genoot said using Bitcoin rather than cash for the buyback helped maintain liquidity and reduced Bitcoin exposure at the parent level, as the company had described in February.
Source (primary)
Hut 8 Sold 3,102 Bitcoin to Buy Back $250 Million of Its Own Stock. Which Miners Are Still Holding Theirs? - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-05)Live source ↗
Quote: “using Bitcoin instead of cash for the buyback helped maintain liquidity and reduced their overall exposure to Bitcoin at the parent level, as they described in February”
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 Sold 3,102 Bitcoin to Buy Back $250 Million of Its Own Stock. Which Miners Are Still Holding Theirs? - 24/7 Wall St.
Quote: “using Bitcoin instead of cash for the buyback helped maintain liquidity and reduced their overall exposure to Bitcoin at the parent level, as they described in February”