Bitcoin mining company Hut 8 has transferred 1,560 BTC, valued at approximately $100 million, to a Coinbase credit collateral custody account, according to Arkham analyst Emmett Gallic. This move follows Hut 8's recent filing with the SEC on December 22, 2025, which revealed a revised agreement with Coinbase allowing for a borrowing limit of up to $200 million. As Bitcoin prices decline, Hut 8 may need to provide additional BTC as collateral to maintain the required loan-to-value ratio. This adjustment in their agreement and the subsequent BTC transfer highlight the company's strategic financial maneuvers in response to market conditions.