Riot Platforms Transfers 500 BTC to NYDIG Custody Account, Possibly Preparing for Sale

On July 6, CoinFeed reported, according to Onchain Lens, that mining company Riot Platforms transferred 500 BTC to a NYDIG custody account, worth about $30.9 million at current prices. On-chain data shows the transfer was split into two transactions: 413.793 BTC (approx $25.57 million) and 86.207 BTC (approx $5.33 million).