# RiotTransfers1500BTC

280

The large Bitcoin movement by the Bitcoin mining company Riot Platforms over the past five days has been confirmed by real and up-to-date market data. According to data tracked by the on-chain analytics platform Lookonchain, the company appears to have transferred a total of 1500 BTC (worth approximately USD 102.3 million) to the institutional service provider NYDIG account. Such transfers are generally interpreted as a preliminary step towards selling or cashing out Bitcoin, signaling supply-side pressure in the markets.
For some of these transfers, Riot Platforms' on-chain data clearly shows

BTC4,07%

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