Major bitcoin mining firm Riot Platforms has disclosed significant portfolio activity. In December alone, the company offloaded 1,818 BTC at an average sale price around $88,600 per coin, generating $161 million in proceeds. This divestment reflects the company's strategic approach to liquidity management during market cycles. Following this transaction, Riot's total bitcoin reserves now stand at 18,005 BTC—still representing one of the largest corporate holdings in the industry. The move signals active portfolio adjustment amid evolving market conditions and demonstrates how institutional players navigate volatility through measured selling strategies.
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MetaverseMortgage
· 9m ago
Bro, are you dumping the market? 180,000 BTC is still from top mining companies, but isn't this sell-off a bit too sudden?
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GasFeeCry
· 01-08 04:22
Selling 1818 BTC and making 160 million? These institutions really know how to play...
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CounterIndicator
· 01-07 04:05
No way, Riot, are you selling before the bottom? Or are you planning to run at 88,600? You're a bit scared, buddy.
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consensus_failure
· 01-06 22:52
Sold so many, yet still have 18,000 coins left. Big players are really big players... Why do I feel they are even more calm than retail investors?
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AirdropHermit
· 01-06 22:50
Threw away 1818, and there are still 18005 left... This move is really the style of a big institution.
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ImpermanentPhilosopher
· 01-06 22:48
Selling 1,818 Bitcoins just for 16.1 billion? This liquidity management is really a "strategy"
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DataPickledFish
· 01-06 22:47
Why are you dumping coins again? These institutions are really cowardly.
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StealthMoon
· 01-06 22:42
Bottom-fishing and dumping, that's how institutions play the game.
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DEXRobinHood
· 01-06 22:32
Did they run away? 1818 coins sold just like that, this move is truly exceptional.
Major bitcoin mining firm Riot Platforms has disclosed significant portfolio activity. In December alone, the company offloaded 1,818 BTC at an average sale price around $88,600 per coin, generating $161 million in proceeds. This divestment reflects the company's strategic approach to liquidity management during market cycles. Following this transaction, Riot's total bitcoin reserves now stand at 18,005 BTC—still representing one of the largest corporate holdings in the industry. The move signals active portfolio adjustment amid evolving market conditions and demonstrates how institutional players navigate volatility through measured selling strategies.