✉news BusinessCrypto first seen 6 h ago, last 58 min ago, peak #11
Riot Frees $494 Million in Bitcoin From Coinbase Loan
Original: Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell?
Bitcoin miner Riot Platforms has released roughly $494 million worth of bitcoin after repaying or clearing its loan arrangement with Coinbase, making the holdings available to the company again. Financial outlets are speculating on whether Riot will now sell the freed bitcoin on the market, a decision that could affect supply pressure and its own balance sheet.
Why now: Investors are watching whether Riot will sell the newly unlocked bitcoin, which could move the market.
Evidence
- Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell? · Yahoo Finance
- Riot Frees $494 Million in Bitcoin From Coinbase Loan: Will It Sell? · BeInCrypto
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