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Riot Platforms Transfers 500 BTC to NYDIG Custody

Published by
Nidhi Kolhapur

Riot Platforms, the second-largest publicly listed Bitcoin miner, transferred 500 BTC, worth about $30.7 million, to NYDIG Custody, according to Arkham data. While the transaction could indicate preparations for a potential sale, transferring Bitcoin to a custody provider does not confirm that a sale will occur. Markets will watch for any further wallet movements or disclosures from Riot regarding its Bitcoin holdings.

Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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