According to Lookonchain monitoring, an address associated with Hut 8, a US-listed Bitcoin mining company, transferred out 1,617 BTC, worth approximately $121.4 million, about two hours ago, possibly in preparation for a sale. It's worth noting that Hut 8's latest financial report shows that the company sold approximately 2,148 BTC in October, raising $175.4 million, which was used to repurchase approximately 2.38 million shares of company stock. Furthermore, Hut 8's board of directors recently increased the total authorized share repurchase from $250 million to $1 billion. https://wublock123.com/news/hut-8-associated-address-moves-1617-btc-71646