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

Riot Platforms transferred 500 BTC, worth approximately $38.24 million, to NYDIG in the past five hours — the latest in an ongoing series of miner-side sales. The move adds to a pattern of Riot converting mined supply into cash rather than holding on the balance sheet.

Miner selling at this scale is a routine pressure point for BTC price action, particularly when it clusters with broader market softness. Whether Riot is covering operational costs or actively reducing exposure, the flow represents real sell-side supply hitting the market.

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