Gate News message, Bitcoin mining company Riot Platforms has sold another 500 BTC valued at $34.87 million. Over the past 5 days, Riot Platforms has deposited a total of 1,500 BTC ($102.3 million) into NYDIG.

Bitcoin miner Riot Platforms sold 3,778 BTC in the first quarter of 2026, raising nearly $290 million in cash and reducing its holdings by about 18%. Several mining companies have cut their positions as well, reflecting rising funding pressure. Despite weakening market demand, some institutions are still accumulating Bitcoin, indicating that demand is concentrating toward participants with stronger financial capacity. In the short term, the price trend will be influenced by the clash between supply and demand.

Riot Platforms produced 1,473 BTC in the first quarter of 2026, with daily output down 4% year over year. Net revenue for the quarter was $289.5 million, and computing power deployment reached 42.5 EH/s, up 26% year over year. Total electricity costs fell to 3.0 cents per kilowatt-hour, down 21% year over year.

Bitcoin’s hot-holdings trend is cooling off, as multiple companies and governments sell off their reserves, causing market volatility to increase. Companies such as Empery Digital and Genius Group have already cleared their bitcoin reserves, while Riot Platforms continues to reduce its holdings. Despite worries raised by the selloffs, the public vault still holds a large amount of bitcoin. The current bitcoin price is about $66,500, and market sentiment remains weak.

Recently, volatility in the Bitcoin market has intensified, and institutional investors such as Riot Platforms and Empery Digital are adjusting their positions, drawing attention. Riot sold 500 Bitcoins to cover costs, while Empery moved 1,795 Bitcoins to an exchange, showing both market liquidity and strategic positioning. These actions reflect an institutional-led trend and the market’s maturity, and investors should pay attention to the motivations behind them.

Gate News update, April 2, on-chain analytics platform Lookonchain monitoring shows that Bitcoin mining firm Riot Platforms has again sold 500 BTC, worth approximately $34.13 million. Data shows that the company’s total sell-off this month has already exceeded 1,000 BTC.

Gate News update. April 1, according to monitoring by Lookonchain, Bitcoin miner Riot Platforms appears to have sold 500 BTC about 2 hours ago, worth approximately $34.13 million.

Gate News: According to the latest Gate TradFi data, RIOT (Riot Platforms) has dropped by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Gate News: According to the latest Gate TradFi data, RIOT (Riot Platforms) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

On March 19, hawkish comments from the Federal Reserve triggered a decline in U.S. stocks, with the Dow Jones falling 0.64%, the S&P 500 down 0.79%, and the Nasdaq down 1.14%. Crypto-related stocks also declined across the board, with declines seen in Circle, CEX, Riot, and others.