Riot sell 3,778 BTC for Q1, cut down holdings as miners dey dump
Riot Platforms sell 3,778 BTC for Q1 2026 for $289.5M, average price $76,626 per coin. Dem sales reduce Riot total holdings to 15,680 BTC by quarter-end (down 18% YoY), including 5,802 BTC wey restricted. Traders suppose note say Riot sales dey part of bigger miner sell-off.
The selling pressure no dey alone. MARA sell 15,133 BTC between March 4–25 for about $1.1B, and Druk Holding Investments transfer 643 BTC through im investment arm. Riot report say dem produce 1,473 BTC in Q1 (down 4% YoY), while deployed hash rate climb 26% to 42.5 EH/s and all-in power costs drop 21% to 3.0 cents/kWh. But power credits jump to $21M (+171%), wey show liquidity and cost-credit optimization.
Earlier inside the story, Riot do im biggest-ever monthly BTC sale in December 2025, selling 1,818 BTC at net average $88,870 after hashprice collapse near five-year lows (~$37/PH/s). Post-halving margin pressure and rising operating costs dey push miners to liquidate BTC and move cash to AI/data-center infrastructure. This one reinforce short-term BTC sell-pressure risk even as hash rate and efficiency improve.
Bearish
Riot dey sell BTC pass wetin dem dey produce, wey don push dia holdings comot wella (Q1: 15,680 BTC; Q4/Dec context: biggest-ever monthly sale). Dis one dey create direct spot/treasury sell-pressure for BTC. Later update show say the move na part of bigger miner outflow: MARA sell 15,133 BTC and other companies transfer BTC plenty. Even though hash rate deployment increase and power costs better, the jump for power credits and the earlier collapse of hashprice to multi-year lows show margins still dey stressed, make further BTC liquidation likely. Short-term, traders fit front-run more miner selling and volatility fit rise around treasury headlines. Long-term, miners’ efficiency gains and hash rate growth dey supportive, but sustained post-halving margin compression mean treasury selling fit continue longer than expected, keep downside risk for BTC high.