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Riot Platforms Dumps $44M Bitcoin Stash as Mining Sector Feels the Squeeze
Riot Platforms Dumps $44M Bitcoin Stash as Mining Sector Feels the Squeeze
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Bitcoin miners are feeling the heat—and Riot just turned up the thermostat. The Nasdaq-listed firm offloaded 1,000 BTC this week, liquidating holdings while ’strategically managing treasury assets’ (translation: cashing out before the halving hangover gets worse).
Behind the sell-off: Energy costs biting into margins, compressed block rewards, and that classic Wall Street playbook—sell the rumor, skip the news. The move comes as publicly traded miners collectively hemorrhage value, with RIOT shares down 30% YTD despite Bitcoin’s 2025 rally.
One financier’s take: ’When miners start dumping coins like drunk sailors, it’s either brilliant hedging or pure desperation. Given their track record? Place your bets.’
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