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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.

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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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