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Riot Platforms Sells 500 Bitcoin Worth About $34.13 Million

The U.S. Bitcoin mining company disclosed a sale of 500 BTC, indicating a treasury transaction by one of the sector’s largest publicly known miners.

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Terms & Concepts
  • Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin rewards.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
  • Treasury transaction: A corporate move involving the management, sale, or purchase of assets held on a company’s balance sheet.