Riot sells $162 million in bitcoin as mining hashprice slumps back toward lows

TL;DR:

Riot’s record December bitcoin sale reduced its treasury to 18,005 BTC as mining profitability remained under pressure.

Key Points:

Background:

Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.