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jose_Butler1

Riot Platforms deposited 500 $BTC ($30.9M) into #NYDIG Custody, likely to sell.


The transfer was split into:
• 413.793 $BTC ($25.57M)
• 86.207 $BTC ($5.33M)

#GTBurns2.57MInQ2
BTC0.37%
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ShortPositionsAtTheElevator
· 07-08 15:20
Transferring in batches may be for slippage control, breaking large orders into small orders.
View OriginalReply0
GateUser-665eb149
· 07-08 08:06
NYDIG custody + batch transfers, old Wall Street tricks.
View OriginalReply0
MossyLedger
· 07-07 16:56
Riot's move this time is interesting, transferring 500 BTC just like that.
View OriginalReply0
GateUser-2eca626f
· 07-06 23:02
Q2 burned 2.57 million dollars, miners are having a hard time too.
View OriginalReply0
SushiAndSlugs
· 07-06 21:49
The number 413.793 looks like it was precisely calculated, not randomly taken.
View OriginalReply0
OtcMoonwalker
· 07-06 17:58
30.9M is not a small amount for Riot, cash flow pressure?
View OriginalReply0
AlphaAfterTea
· 07-06 17:32
Switching from self-custody to a third party, the signals are not great.
View OriginalReply0
PeacockSpreadsItsFeathersBut
· 07-06 17:32
GTBurns2.57M this tag has a bit of a self-deprecating vibe
View OriginalReply0
GateUser-14d03834
· 07-06 17:20
Sell after custody, typical institutional reduction process.
View OriginalReply0
GoldfishOnIce
· 07-06 17:16
Riot's holding strategy seems to have shifted from HODL to flexible management.
View OriginalReply0
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