Riot Platforms sold about $200 million worth of Bitcoin (BTC) in November and December
공유하기
Summary
- Riot Platforms said it conducted approximately $200 million worth of Bitcoin (BTC) sales over the two months of November and December last year.
- As a result of these sales, Riot Platforms' Bitcoin holdings decreased to 18,005 BTC.
- Matthew Sigel said the secured funds are likely to be used for artificial intelligence (AI) infrastructure investment.
Bitcoin (BTC) miner Riot Platforms sold about $200 million worth of Bitcoin over the two months at the end of last year, resulting in a decline in Riot Platforms' Bitcoin holdings.
On the 6th (local time), according to crypto asset (cryptocurrency) specialist media CoinDesk, Riot Platforms carried out Bitcoin sales in November and December last year. In November it sold 383 BTC for about $37 million, and in December it disposed of 1,818 BTC for about $161.6 million.
As a result of these sales, Riot Platforms' Bitcoin holdings fell to a total of 18,005 BTC. The company had maintained a strategy of holding mined Bitcoin long-term, but toward the end of the year it appears to have increased the proportion of holdings it monetized.
In this regard, VanEck digital assets head Matthew Sigel noted the use of the proceeds. He said, "The funds secured from these Bitcoin sales are likely to be used for investment in building artificial intelligence (AI) infrastructure."
As mining companies continue to expand into AI and high-performance computing (HPC) businesses alongside their Bitcoin holding strategies, Riot Platforms' decision is also being interpreted as part of a business diversification strategy.
