# Hut 8 Transfers 1,617 Bitcoin (BTC) Valued at $121.43 Million

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53557
Published: 2026-11-11T04:17:45.000Z
Updated: 2026-11-11T04:17:45.000Z
Section: Investing

> The miner sold 2,148 BTC in October at an average price of about $81,657, bringing in $175.4 million to help fund share repurchases.

Hut 8, a publicly traded miner, transferred 1,617 Bitcoin (BTC), valued at $121.43 million, on Tuesday as proceeds from its October sales helped fund share repurchases.

In October, Hut 8 sold 2,148 BTC at an average price of about $81,657, bringing in $175.4 million to help fund share repurchases. That figure represents the sale proceeds, not the amount of the repurchases.