Hut 8 moved $146.10M in BTC with significant 7-day outflows of $161.26M, though treasury data discrepancies complicate assessment of actual holdings.
Macro & Markets ·
Hut 8 initiated a movement of 1,783 BTC valued at $146.10M to a separate address within a 24-hour period. That destination wallet subsequently dispersed 1,147.866 BTC ($94.13M) across exchanges, over-the-counter desks, and additional addresses, resulting in cumulative outflows of 1,966.643 BTC ($161.26M) over seven days, according to onchain tracking data.
A discrepancy exists between the company's claimed bitcoin reserves and independently verified onchain figures. The 10,278 BTC figure, which remains stale since November 2025, cannot be treated as a current balance, having never been refreshed by Hut 8 itself. In contrast, independently tracked holdings amount to 4,894 BTC ($402.61M), representing amounts consistent with the company's Q2 2026 balance sheet when accounting for documented transfers occurring afterward.
The gap between historical treasury claims and observable onchain positions creates ambiguity regarding Hut 8's actual bitcoin inventory. Until the company updates its official holdings disclosure, the precise scale of its treasury remains uncertain. Current tracked balances provide the most recent comparable measure, though full reconciliation of the company's reported positions awaits formal clarification.