US-listed bitcoin mining company Riot sold 2,201 BTC at the end of last year
BlockBeats News, January 7, according to the latest production and operations report released in December, listed bitcoin mining company Riot Platforms sold a total of 2,201 BTC during November and December last year, generating net proceeds of nearly 200 million US dollars.
It is reported that Riot Platforms held 18,005 BTC at the end of the year, valued at approximately 1.65 billions US dollars at current prices. However, this figure is more than 1,300 BTC less than its October balance (19,324 BTC), and only 293 BTC higher than the year-end balance of the previous year. In sharp contrast to 2024, the company did not sell any bitcoin at that time, but instead increased its bitcoin reserves by more than 500 million US dollars in value.
Matthew Sigel, Head of Digital Assets at VanEck, pointed out that the recent selling activity indicates the company is working to transition into the artificial intelligence sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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