Riot Platforms sold 3,778 BTC in Q1 2026 for $289.5M. Other miners, including MARA and Bhutan, also offloaded thousands of BTC recently.
Bitcoin miners have been selling large amounts of BTC lately. Riot Platforms sold 3,778 BTC in Q1 2026, generating net proceeds of $289.5 million.
The average net price per Bitcoin sold was $76,626. The sale cut Riot’s total Bitcoin holdings to 15,680 BTC by quarter-end.
Several other publicly traded miners have also sold over 15,000 BTC combined in recent weeks.
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Metaplanet Now Holds 40,177 BTC – Here’s What They Paid for It
Riot Platforms Trims Bitcoin Holdings in Q1 2026
Riot produced 1,473 BTC during Q1 2026, a 4% decline compared to Q1 2025.
Despite the dip in production, the company pushed its deployed hash rate up 26% to 42.5 EH/s. Its all-in power cost dropped 21% to 3.0 cents per kilowh, reflecting notable efficiency improvements.
Riot Platforms, one of Nasdaq’s largest publicly traded Bitcoin mining companies, sold 3,778 BTC in the first quarter of 2026, generating net proceeds of approximately $289.5 million. The company’s total Bitcoin holdings decreased to 15,680 BTC by the end of the first quarter.… pic.twitter.com/Zt23bziDin
— Wu Blockchain (@WuBlockchain) April 3, 2026
Power credits also rose sharply. Total power credits reached $21 million, up 171% from $7.8 million in Q1 2025.
Demand response credits alone jumped 278%, reaching $7.5 million for the quarter. The figures suggest Riot is cutting costs even as Bitcoin prices remain volatile.
Riot’s Bitcoin holdings include 5,802 restricted BTC.
The company’s total stash stood at 19,223 BTC at the end of Q1 2025, compared to 15,680 BTC now. That marks an 18% reduction year-over-year in held Bitcoin.
MARA, Nakamoto, and Bhutan Also Move Bitcoin
MARA Holdings made one of the biggest moves. The company sold 15,133 BTC between March 4 and March 25, 2026, raising roughly $1.1 billion at an average of $72,689 per coin.
Read more:
MARA Sells 15,133 BTC, Drops to #3 in Bitcoin Treasury Rankings
According to LiveBitcoinNews, MARA used those proceeds to buy back over $1 billion in convertible notes. The sale cost MARA its position as the second-largest corporate Bitcoin treasury holder.
Nakamoto Inc. also drew attention after its March 30 SEC 10-K filing.
The Bitcoin treasury firm sold 284 BTC in March 2026 for around $20 million, at an average price of $70,422 per coin. That price sits well below its weighted average purchase price of $118,171. The disclosure sparked sharp reactions across the crypto community.
Bhutan entered the picture, too. Through its investment arm, Druk Holding Investments, the Royal Government moved 643 BTC worth roughly $45.24 million within just 48 hours.
Miners Shift Strategy Amid Post-Halving Pressure
The wave of BTC sales points to a broader industry shift.
Post-halving profitability pressures and rising operational costs are pushing miners to liquidate holdings. Many are redirecting those proceeds toward AI infrastructure and data center expansion.
Bitdeer took perhaps the boldest step. The company reduced its Bitcoin holdings to zero as of February 20, 2026.
Bitdeer #BTC Weekly Update
🔹 BTC Holdings: 0 (pure holdings, excluding customer deposits)
🔹 BTC Output: 189.8 BTC
🔹 BTC Sold: 189.8 BTC
🔹 Net BTC Added: -943.1 BTC
📅 Data as of February 20, 2026.#Bitcoin #BTC #BitcoinHoldings #BitcoinCommunity #BTCMining $BTDR pic.twitter.com/vtvBVEui0Q— Bitdeer (@BitdeerOfficial) February 21, 2026
The move was part of Bitdeer’s strategy to fund powered land acquisitions. The company also priced a $325 million convertible notes offering and a $43.5 million equity raise to back datacenter and AI cloud growth.
The broader trend is clear. Public miners are no longer treating Bitcoin purely as a treasury asset. Operational priorities and debt management are reshaping how these companies handle their BTC.
Cryptocurrency Market Dynamics:#Riot #Sells #BTC #Bitcoin #Miners #Dump
