According to monitoring data published by Lookonchain on November 10, Hut 8 transferred 1,617 BTC about two hours prior to its post. The firm speculates that this move may be intended for sale, though the transfer itself does not confirm that a sale has been completed. Lookonchain also reported that Hut 8 sold 2,148 BTC in October at an average price of approximately $81,657 to fund share buybacks.