Riot Platforms Inc (RIOT)

[WhichWayToday]

Looks like the BTC sell off is being helped by Bitcoin miners, like Riot, selling their stash off ! Not a great look imo but a perfect way to do two things. Get cash in the bank and also beat the share price down. Once that is hit down, load up on shares again and go for another ride when Bitcoin recovers, and it probably will big time once the war is hopefully done, one way or another. If this is what is happening, then it is a perfectly legal way of manipulating the share price isn't it. You just have to join in.

This scenario drops the worth of the company temporarily I suppose but because they have so many miners operating now, the stash will build up again quickly and they would have cash in hand meaning they might not need to offer more shares to the public. So it might not be so bad to sell of Bitcoin now for future safety. GLTA.