According to Mars Finance, Riot Platforms, one of the publicly traded Bitcoin mining companies, announced on Monday that it sold Bitcoin mined in April, marking the company's first sale of mined Bitcoin in over a year. The company sold 475 BTC for a net gain of approximately $38.8 million. This sale included 463 BTC mined in April and an additional 12 BTC from reserves. The last time Riot sold a significant amount of Bitcoin was in January 2024.
Riot Platforms sells its mined Bitcoin for the first time since January 2024, with a net gain of $38.8 million
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