Riot Platforms, one of Nasdaq’s largest publicly traded Bitcoin mining companies, sold 3,778 BTC in the first quarter of 2026, generating about $289.5 million in net proceeds. Following the sale, the company’s total Bitcoin holdings dropped to 15,680 BTC by the end of the quarter. Riot is not alone in reducing exposure, as several other publicly traded mining firms have collectively sold more than 15,000 BTC recently, signaling a broader trend of miner-led selling pressure.
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