October Bitcoin sales funded share repurchases
Company: Hut 8
The claim, verbatim
In October 2026, Hut 8 sold about 2,148 Bitcoin for $175.4 million in net proceeds and repurchased 2,384,677 shares for $175.3 million.
Source (primary)
Hut 8's Q3 Net Income Attributable to Company Rises as Revenue Falls - TOKENPOST (-, news_article)
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Quote: “In October, Hut 8 sold about 2,148 Bitcoin for $175.4 million in net proceeds. It repurchased 2,384,677 shares for $175.3 million that month.”
How we checked this
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Additional evidence
confirms Hut 8's Q3 Net Income Attributable to Company Rises as Revenue Falls - TOKENPOST
Quote: “In October, Hut 8 sold about 2,148 Bitcoin for $175.4 million in net proceeds. It repurchased 2,384,677 shares for $175.3 million that month.”