“Riot is monitoring its balance sheet on an ongoing basis, evaluating the level of bitcoin retained from monthly production in consideration of operational and expansion cash requirements,” Trystine Payfer, Riot’s director of communications, said in an emailed statement to CoinDesk. “The company continues to hold a long-term view on its bitcoin holdings and believes it is in the best interest of shareholders to have strong bitcoin holdings on its balance sheet.”
Related posts
-
Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC
Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since... -
Germany transfers about $40m in Bitcoin amid ongoing selloff
The German government has transferred 700 Bitcoins (BTC), valued at approximately $40.47 million. This transaction is... -
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in...