Riot Platforms deposits another 500 BTC ($38M) to NYDIG — selling pressure continues.

Riot Platforms moved an additional 500 BTC, worth approximately $38.24 million, to institutional custodian NYDIG roughly five hours ago — continuing a pattern of miner-side selling that adds incremental supply pressure to the market.

Miner distribution at this scale is worth watching: when large operators consistently route BTC to custodians rather than holding, it signals either operational cash needs or a deliberate decision to reduce balance-sheet exposure at current prices. Riot's repeated deposits to NYDIG suggest this is a sustained programme rather than a one-off.

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Lookonchain ✓ @lookonchain · 10d ago

Riot Platforms continues to sell $BTC, depositing another 500 $BTC($38.24M) to #NYDIG 5 hours ago. https://t.co/x90aGbqgsY https://t.co/LOnU6LmvWJ

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