“Riot is monitoring its balance sheet on an ongoing basis, evaluating the level of bitcoin retained from monthly production in consideration of operational and expansion cash requirements,” Trystine Payfer, Riot’s director of communications, said in an emailed statement to CoinDesk. “The company continues to hold a long-term view on its bitcoin holdings and believes it is in the best interest of shareholders to have strong bitcoin holdings on its balance sheet.”
Source: https://www.coindesk.com/business/2022/05/03/riot-blockchain-sells-nearly-half-of-aprils-bitcoin-production/?utm_medium=referral&utm_source=rss&utm_campaign=headlines