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🐋 WHALE WATCH: Riot Platforms is liquidating more $BTC to support its new high density computing operations.
The latest move was a 500 $BTC deposit to NYDIG valued at nearly $39 million.
Their treasury has dropped about 18% over the last year as they prioritize cash for data center growth.
Even with these sales they remain one of the largest corporate holders with over $1 billion in Bitcoin.
Is the miner sell pressure finally being absorbed by institutional demand ?