Bitcoin mining firm Riot Platforms has deposited 500 BTC (worth approximately $30.72 million) into NYDIG Custody, as tracked by Onchain Lens. The move highlights asset management strategies among major miners utilizing institutional custody services.
Riot Platforms Deposits 500 BTC into NYDIG Custody
Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at approximately $30.72 million, into NYDIG Custody, according to on-chain monitoring service Onchain Lens. The deposit underscores ongoing asset management practices by large-scale miners, with NYDIG serving as the institutional-grade custodian. No further details regarding the purpose of the deposit have been disclosed at this time.
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