RIOT GOING FULL MINER MODE đŞđ°â Selling BTC But Still Sitting on a GOLDMINE đ*
Ever wish your job was just printing money?
Well... thatâs literally what *Riot Platforms* is doing with Bitcoin! đ¤
Letâs break it down đ
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đ¨ UPDATE: Riot Platforms Mined 477 BTC in August â Sold 450 for 51.8M Revenue đ¸
The Bitcoin mining beast *Riot Platforms* just dropped their August stats:
đš *Mined:* 477BTC
đš *Sold:* 450 BTC = *51.8M* revenue
đš *HODLing:* 19,309 BTC total (đĽ thatâs2.3B+ at current prices)
Thatâs not a miner â thatâs a digital gold bank with laser eyes đ
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đ§ What It Means:
- Riotâs play is clear: *mine, sell a bit, stack the rest* đ
- Theyâre *funding operations without touching their core treasury*, which is bullish long-term â
- 19,309 BTC = one of the *largest corporate BTC holdings globally* đŚ
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đŽ Predictions:
đ Expect Riot to ramp up BTC mining if hash price rises
đ° Their treasury could explode if BTC hits 100K+
đ Strategic selling likely tied to *timing the next bull wave*
â
đĄ Tips for You:
âď¸ Track public miners like Riot â they're *early-cycle indicators*
âď¸BTC selling pressure from miners can *briefly slow rallies*, but doesnât stop them
âď¸ Riotâs treasury = *strong bullish signal* for institutional Bitcoin confidence
âď¸ Keep tabs on miner profitability to front-run market sentiment
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đŻ Final Thought:
Riot sold a chunk, but theyâre clearly *not letting go of their golden goose* đŁ
And with that $BTC war chest? Theyâre ready for the *halving + next leg up*.
Not financial advice... but if Riotâs holding, maybe we should too đ
