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#BTC miners trimming again… This time no panic, just business.
So Riot Platforms looks like it’s been quietly offloading a bit more. 12 hours ago -- another 500 #bitcoin gone. Roughly $34 to 35M. And if you dig out a bit, over the last 5 days they’ve moved around 1,500 $BTC (~$102M) into NYDIG.
Which, honestly, feels pretty routine for miners. They’ve still got about 4,687 BTC sitting on the books -- so yes, not like they’re exiting or anything dramatic. More like… shaving off some inventory, probably covering costs, locking in some revenue while prices are decent.