Bitcoin Historian Claims Riot Platforms Sold More Than 8,900 Bitcoin

An account using the name The Bitcoin Historian claimed Wednesday that Riot Platforms sold more than 8,900 Bitcoin (BTC), a sale valued in the post at more than $700 million. The account also put Riot's remaining Bitcoin balance at 2,418 BTC and characterized the sale as more than 78% of the company's total holdings.

Those numbers describe both sides of the reported change: a BTC amount sold and a BTC balance left afterward. The dollar figure is the account's valuation of the claimed sale, while the percentage compares that amount with Riot's holdings. Together, the figures portray a reduction of more than three-quarters of the reported position.

Because the stated share sold exceeded 78%, less than 22% of the position would remain under the post's framing. The 2,418 BTC balance therefore represents less than one-quarter of the total holdings cited in the claim.

The claim appeared Wednesday, Nov. 4, in a video post by The Bitcoin Historian (@pete_rizzo_). The post attributed the sale to Riot Platforms.