Hut 8 bitcoin sales to fund buybacks
Company: Hut 8
The claim, verbatim
Hut 8 sold roughly 3,100 bitcoin in the quarter and subsequent period to fund about $250 million in share repurchases.
Source (primary)
MARA’s $634M Q3 Profit and Bitcoin (BTC) Sale Signal Broader Shift as Riot Platforms and Hut 8 Monetize Holdings for AI Infrastructure - Crowdfund Insider (-, news_article)
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Quote: “it sold roughly 3,100 bitcoin in the quarter and subsequent period to fund about $250 million in share repurchases”
How we checked this
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Additional evidence
confirms MARA’s $634M Q3 Profit and Bitcoin (BTC) Sale Signal Broader Shift as Riot Platforms and Hut 8 Monetize Holdings for AI Infrastructure - Crowdfund Insider
Quote: “it sold roughly 3,100 bitcoin in the quarter and subsequent period to fund about $250 million in share repurchases”