Riot Platforms unloads 10,599 Bitcoin in the third quarter
Riot Platforms, the second-biggest publicly listed Bitcoin miner, sold 10,599 BTC during Q3. Cointelegraph flagged the disclosure as a major one, putting a spotlight on how much mined Bitcoin the largest miners are actually holding versus cashing out.
Riot Platforms just moved a serious stack of Bitcoin. The second-largest publicly listed Bitcoin mining company sold 10,599 BTC in the third quarter, according to Cointelegraph.
The outlet called the sale big, and the size backs that up. Riot sits behind only one other publicly traded miner in scale, so a five-figure coin sale from its treasury is the kind of move that gets noticed fast.
Miners earn Bitcoin by running hardware, which means every coin they sell is one they chose not to hold. Riot's Q3 sale puts that choice on the record for the quarter.
Cointelegraph's post did not say why Riot sold or what it did with the proceeds. There's also no word yet on how the sale was executed or whether more coins are headed for the market.
For now, the headline number is the story: 10,599 Bitcoin off Riot's books in a single quarter. Keep an eye on the company's next filings for the follow-up.
TopicsRiot Platforms · Bitcoin · RIOT · Cointelegraph
Source: x.com
Written by Paparazzi with AI. Not financial advice.