Riot Platforms Extends Sell Streak with 500 BTC Deposit to NYDIG

Riot Platforms has continued its trend of selling mined Bitcoins, depositing another 500 BTC worth $38.24 million to NYDIG on May 1st. This move marks an extension of its consistent sell streak in 2026.

The deposit adds to the persistent supply pressure from one of the largest publicly listed bitcoin miners globally. Onchain data confirms that this is not an isolated event, but rather a recurring pattern of channeling mined Bitcoin to NYDIG.