Decrypt ••1 min read
Riot Platforms Sells Nearly $200M in Bitcoin (BTC)
According to reports, publicly traded Bitcoin miner Riot Platforms sold nearly $200 million worth of BTC in November and December. The development highlights the financial activities of major players in the Bitcoin mining industry. Such sales can reflect strategies for managing operational costs, capitalizing on market conditions, or adjusting investment portfolios within the volatile cryptocurrency market. The proceeds from these sales represent a significant revenue stream for Riot Platforms during the reported period.
📱
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.
Related News
MegaETH sunsets Mega Mafia accelerator program, noting ‘most’ of its successful apps left
The Block•3h ago
Injective files for SEC transfer agent registration to bring securities ownership records onchain
Cointelegraph•4h ago
JPMorgan says bitcoin outlook sees ‘encouraging sign’ as Strategy boosts cash reserves
The Block•4h ago
Ethereum Researcher Francesco D'Amato Departs EF for Ethlabs
Bankless •4h ago