https://www.coindesk.com/business/2023/06/26/bitcoin-miner-hut-8-secures-up-to-50m-in-loans-from-coinbase/
I think this is way Coinbase is borrowing btc from Hut8 to shore up its reserves.
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As of May 2023, Hut 8’s holdings stood at 9,233 BTC
