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US stock Bitcoin miner Riot sold 2,201 BTC at the end of last year
BlockBeats News, January 7 — According to the latest production and operations report released in December, publicly listed Bitcoin mining company Riot Platforms sold a total of 2,201 BTC during November and December last year, netting nearly $200 million.
It is reported that Riot Platforms held 18,005 BTC at the end of the year, which is valued at approximately $1.65 billion at current prices. However, this number is down by over 1,300 BTC from its October holdings of 19,324 BTC, and is only 293 BTC higher than the year-end balance of the previous year. In stark contrast to 2024, when the company did not sell any Bitcoin and instead increased its Bitcoin reserves worth over $500 million.
VanEck Digital Asset Head Matthew Sigel pointed out that the recent selling activity indicates the company is working on transitioning into the artificial intelligence sector.