Public companies have sold 108,247 $BTC worth approximately $8.08B so far in 2026, according to Lookonchain data cited by CoinDesk.
MARA leads the selling with 40,581 BTC at an average price of around $74,446, followed by Riot with 20,264 BTC at approximately $73,231. Together, they account for roughly 56% of the total reported sales.
What's driving this trend? Some Bitcoin miners are shifting toward AI and data-centre infrastructure, selling BTC to help fund that transition. Bitdeer and Cango are also among the major sellers.
This creates an important supply-side dynamic for Bitcoin. Miners and public companies aren't just potential sources of demand; they're also significant sources of selling pressure.
With ETF flows also facing pressure, the market has another source of supply to absorb. Bitcoin's price isn't just about who is buying. It's also about who's selling, and why.
MARA leads the selling with 40,581 BTC at an average price of around $74,446, followed by Riot with 20,264 BTC at approximately $73,231. Together, they account for roughly 56% of the total reported sales.
What's driving this trend? Some Bitcoin miners are shifting toward AI and data-centre infrastructure, selling BTC to help fund that transition. Bitdeer and Cango are also among the major sellers.
This creates an important supply-side dynamic for Bitcoin. Miners and public companies aren't just potential sources of demand; they're also significant sources of selling pressure.
With ETF flows also facing pressure, the market has another source of supply to absorb. Bitcoin's price isn't just about who is buying. It's also about who's selling, and why.