Riot Platforms sold 3,778 BTC in Q1, raising $289.5 million.

CoinFeed reported on April 3rd that, according to PRNewswire, Nasdaq-listed Bitcoin mining company Riot Platforms released its unaudited production and operations update for the first quarter of 2026. The report disclosed that it mined 1,473 BTC in the quarter and sold 3,778 BTC at an average price of $76,626, generating a net profit of $289.5 million. As of the end of the quarter, the company's total Bitcoin holdings decreased to 15,680 BTC. Previous analysis suggested that Riot Platforms' recent Bitcoin sales may further exacerbate the sell-off trend among listed Bitcoin mining companies. Another Bitcoin mining company, MARA Holdings, also disclosed that it sold approximately $1.1 billion worth of Bitcoin in March to repurchase convertible bonds at a discount. Recently, several listed Bitcoin mining companies have cumulatively sold more than 15,000 Bitcoins to balance operational and investment needs.