Riot Platforms deposited 500 $BTC ($30.9M) into #NYDIG Custody, likely to sell.


The transfer was split into:
• 413.793 $BTC ($25.57M)
• 86.207 $BTC ($5.33M)

#GTBurns2.57MInQ2
BTC1.48%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
Add a comment
Add a comment
OtcMoonwalker
· 1h ago
30.9M is not a small amount for Riot, cash flow pressure?
View OriginalReply0
AlphaAfterTea
· 1h ago
Switching from self-custody to a third party, the signals are not great.
View OriginalReply0
PeacockSpreadsItsFeathersBut
· 1h ago
GTBurns2.57M this tag has a bit of a self-deprecating vibe
View OriginalReply0
GateUser-14d03834
· 2h ago
Sell after custody, typical institutional reduction process.
View OriginalReply0
GoldfishOnIce
· 2h ago
Riot's holding strategy seems to have shifted from HODL to flexible management.
View OriginalReply0
Lemon-FlavoredLiquidation
· 2h ago
Regarding that 25.57M, if it really dumps, short-term fluctuations are inevitable.
View OriginalReply0
NeonHalf-MeltedIceCream
· 2h ago
Mining companies are now selling coins to pay electricity bills, which is the industry norm.
View OriginalReply0
On-ChainNightSecurityGuard
· 2h ago
Wait for on-chain confirmation to see if there are any follow-up actions; for now, it's just speculation.
View OriginalReply0
ProtocolPaladin
· 2h ago
86.207, this fractional amount is kept quite subtly, is it for backup?
View OriginalReply0
View More
  • Pinned