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Riot Platforms Moved 1,500 Bitcoin to NYDIG, With 500 More Potentially Sold

According to blockchain analytics account Lookonchain, the Bitcoin miner transferred about $102.3 million in Bitcoin to NYDIG (digital asset financial services firm) over five days and may have sold an additional 500 Bitcoin.

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Terms & Concepts
  • Bitcoin miner: A company or participant that validates blockchain transactions and earns newly issued Bitcoin as rewards.
  • Blockchain analytics: The process of tracking and interpreting on-chain transaction data to identify wallet movements and market activity.
  • NYDIG: A digital asset financial services firm that provides Bitcoin trading, custody, and institutional market infrastructure.