Riot Platforms sold $38.8 million worth of Bitcoin in April. This has moved to strengthen liquidity by the second largest publicly traded Bitcoin miners by market capitalization, amid tightening margins across the mining sector.
The Castle Rock, Colorado-based company offloaded 475 BTC last month at an average price of $81,731 per coin. update on monday.
Riot mined 463 of these tokens in April, with the remaining 12 being withdrawn from the reserves. The company held 19,211 BTC on its balance sheet, worth around $1.8 billion at its current market price.
“During April, we made a strategic decision to sell monthly production of Bitcoin to fund continuous growth and operations,” said Riot CEO Jason Les. He added that the move will reduce our reliance on equity funding and limit shareholder dilution.
The sale reduced the block's reward from 6.25 BTC to 3.125 BTC amid pressure on miners following Bitcoin's fourth harving event in mid-April last year.
Events like this have historically been bullish at Bitcoin prices, but mining operations have reduced profitability overnight. Riot's Bitcoin production declined more than a month per month, even if the deployed hashrate remained flat.
Rising Network The difficulty erodes the margins further.
As of May 4th, average mining difficulty had risen to a hash of 119 trillion. data Provider Coinwarz.
Bitcoin has won 47% in the past year and has recently traded nearly $94,000, but below its January history high of $109,000.
That modest retreat was enough to strain operations that rely on sustained high prices to cover rising energy and infrastructure costs.
On April 7, Bitcoin Miner sold 15,000 BTC collectively The third biggest One Day Leak in 2025 – According to data company Cryptoquant.
Riot stocks fell 5.84% on Monday to close at $7.90.
Edited by Sebastian Sinclair
