Bitcoin miner Riot Platforms just sold 475 BTC (worth ~$38.8M) in April 2025 — ending its 100% HODL strategy to support operational funding and reduce equity dilution.

🔹 463 BTC mined in April
🔹 12 BTC sold from reserves
🔹 Avg. sale price: $81,731
🔹 Still holds 19,200+ BTC

⚙️ Why it matters:
• BTC production down 13% MoM, but still +23% YoY
• Riot finalized Rhodium acquisition, now fully self-mining
• Power costs remain low at 3.7¢/kWh

🗣️ CEO Jason Les: “We’re still bullish long term, but short-term sales help fuel growth.”

#Bitcoinmining #RiotPlatforms #CryptoNews

$BTC

BTC

81,300

+4.18%