Riot Platforms Sells $38.8 Million in Bitcoin to Cope with Post-Halving Mining Pressure

According to ChainCatcher, as reported by Decrypt, Riot Platforms, the second-largest publicly traded Bitcoin mining company in the United States, sold 475 Bitcoins in April 2025, with an average selling price of $81,731 per Bitcoin, totaling $38.8 million. Of these, 463 were mined in April, and 12 came from reserves.

The company's CEO, Jason Les, stated that this move was to fund ongoing growth and operations while reducing reliance on equity financing. This decision came after Bitcoin's fourth halving, where miners currently face the dual pressures of halved block rewards and a 35% increase in network difficulty. As of now, Riot still holds 19,211 Bitcoins, valued at approximately $1.8 billion at current market prices.