Riot Platforms Sells Bitcoin as MicroStrategy Continues Aggressive Acquisition Amid Criticism of Financial Stability

Riot Platforms Moves Millions in Bitcoin, Sparking Speculation Over Future Sales

According to the information, Riot sold 475 BTC, worth approximately $38.8 million, to institutional crypto custodian NYDIG. In addition to the sale, Riot also transferred another $6.7 million in BTC to the same custodian, according to Arkham’s tracking dashboard. The movement of funds has triggered speculation among crypto observers regarding Riot’s intentions — and whether the company may be planning further BTC sales. As a publicly traded min…

Riot Platforms Sells Bitcoin as MicroStrategy Continues Aggressive Acquisition Amid Criticism of Financial Stability

The post Riot Platforms Sells Bitcoin as MicroStrategy Continues Aggressive Acquisition Amid Criticism of Financial Stability appeared on BitcoinEthereumNews.com. Riot Platforms reversed its Bitcoin hodling strategy, selling 475 BTC in April to fund growth amid mining revenue struggles. Strategy continued its Bitcoin buying spree, purchasing 1,895 BTC for $180 million despite reporting a $4.2 billion Q1 net loss. Tech entrepreneur Anton Golub cr…

Riot Sells 475 Bitcoin While MicroStrategy Keeps Buying - TECHTELEGRAPH

Last month, Riot Platforms sold 475 Bitcoin in a reversal of its long-term hodling policy, while Strategy acquired BTC worth $180 million today. This was reportedly Riot’s first Bitcoin sell since January 2024. While MicroStrategy continues to stick to its aggressive accumulation policy, not all industry leaders are impressed. For instance, tech founder and entrepreneur Anton Golub warned about the dangers of Strategy’s BTC acquisition, describi…

Riot Platforms Shifts $38 Million in BTC: What's Happening?

Bitcoin miner Riot Platforms offloads 475 BTC as institutional demand continues rising