Bitcoin Miners Go on a Mega Sell-Off-Is Your Crypto Safe?

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Riot Platforms casually sold 3,778 BTC in Q1 2026 for a cool $289.5M. Meanwhile, MARA and Bhutan were busy offloading thousands more, because who doesn’t like a little crypto spring cleaning?

Bitcoin miners seem to be in full “let’s sell everything” mode. Riot Platforms sold 3,778 BTC in Q1 2026, pocketing a tidy $289.5 million-enough to buy a small island or, more realistically, a lifetime supply of artisanal oat milk lattes.

The average net price per Bitcoin sold was $76,626. After the sale, Riot’s hoard shrank to 15,680 BTC by quarter-end. Clearly, they’re into minimalism now.

Other publicly traded miners joined the frenzy, dumping over 15,000 BTC collectively. Because why not?

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Riot Platforms Trims Bitcoin Hoard (Yes, Again)

Riot produced 1,473 BTC during Q1 2026, a 4% drop from Q1 2025. Somewhere, accountants sighed in relief.

Despite the tiny production dip, Riot cranked its hash rate up 26% to 42.5 EH/s. All-in power costs dropped 21% to 3.0 cents per kilowatt-hour-basically, they’re mining smarter, not harder.

Riot Platforms, one of Nasdaq’s largest publicly traded Bitcoin mining companies, sold 3,778 BTC in the first quarter of 2026, generating net proceeds of approximately $289.5 million. The company’s total Bitcoin holdings decreased to 15,680 BTC by the end of the first quarter.…

– Wu Blockchain (@WuBlockchain)

Power credits also soared. Total power credits hit $21 million, up 171% from Q1 2025. Demand response credits alone jumped 278%, reaching $7.5 million. Basically, Riot’s saving cash while Bitcoin prices do the cha-cha.

Riot’s stash includes 5,802 restricted BTC. At the end of Q1 2025, total holdings were 19,223 BTC-so that’s an 18% yearly slimming. Move over, celebrity detox programs.

MARA, Nakamoto, and Bhutan Join the Sale Party

MARA Holdings went big, selling 15,133 BTC between March 4-25, 2026, raking in roughly $1.1 billion at $72,689 per coin. Someone’s funding a serious coffee addiction.

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MARA Sells 15,133 BTC, Drops to #3 in Bitcoin Treasury Rankings

LiveBitcoinNews says MARA used the cash to buy back over $1 billion in convertible notes. RIP, second-largest corporate Bitcoin treasury holder title. You’ll be missed… maybe.

Nakamoto Inc. made headlines with its March 30 SEC 10-K filing. They sold 284 BTC for $20 million, way below their purchase price of $118,171 per coin. Cue dramatic gasps from crypto Twitter.

Bhutan wasn’t shy either. Druk Holding Investments moved 643 BTC-about $45.24 million-within 48 hours. Royal Government flex, anyone?

Miners Shake Up Strategy Amid Post-Halving Drama

All this selling signals a shift. Post-halving profitability pressures and rising costs are forcing miners to offload. Many are redirecting cash to AI infrastructure and data centers-because robots deserve love too.

Bitdeer went full throttle, reducing Bitcoin holdings to zero as of February 20, 2026. Nothing, nada, zilch.

Bitdeer Weekly Update

BTC Holdings: 0 (pure holdings, excluding customer deposits) BTC Output: 189.8 BTC BTC Sold: 189.8 BTC Net BTC Added: -943.1 BTC Data as of February 20, 2026.

– Bitdeer (@BitdeerOfficial)

The move funded land acquisitions, a $325 million convertible notes offering, and a $43.5 million equity raise for AI cloud growth. Big brains, bigger ambitions.

The trend is obvious. Public miners aren’t just hoarding Bitcoin anymore. Operational priorities and debt management are shaking up the crypto landscape-so maybe stop checking your Bitcoin balance every five minutes and chill a little.

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2026-04-03 13:59