Riot Platforms has sold a large chunk of its Bitcoin holdings in the first quarter, as crypto companies deal with a tougher market.
The company sold 3,778 BTC, bringing in about $289.5 million at an average price of $76,626. That’s actually higher than current market levels, with Bitcoin now trading around $66,000–$67,000.
At the same time, Riot continued mining. It produced 1,473 BTC during the quarter and still holds a strong reserve of 15,680 BTC.
This move is part of a bigger trend.
Other companies are also selling. MARA Holdings, Genius Group, and Nakamoto Holdings have together sold over 15,000 BTC recently. The reason is simple—companies want cash, reduce risk, and protect their balance sheets during uncertain times.
Market data supports this shift. Demand for Bitcoin has recently turned negative, meaning more people are selling than buying.
But it’s not all selling.
Some big players are still buying aggressively. Strategy bought over 44,000 BTC in March alone, making up most of the purchases by public companies. In Japan, Metaplanet added more than 5,000 BTC, bringing its total holdings to over 40,000 BTC.
So the market is split.
On one side, companies are selling to stay safe and liquid. On the other, long-term believers are still buying heavily.
Adding to the pressure, global tensions—especially in the Middle East—are making investors more cautious. This “risk-off” mood is affecting both traditional markets and crypto.
In simple terms, Bitcoin is in a tug-of-war right now. Some are cashing out to reduce risk, while others are doubling down for the long run.
