Riot Platforms Transfers 500 Bitcoin Worth $30.72M to NYDIG Custody

Riot Platforms, the world's second-largest publicly traded Bitcoin mining company, transferred 500 BTC, valued at approximately $30.72 million at current market prices, to NYDIG Custody about 11 hours ago, according to blockchain data from Arkham.

While the company has not commented on the transaction, the movement of funds has raised speculation that Riot could be preparing to sell a portion of its Bitcoin holdings.

Source: Arkham