Riot Platforms sells $38.8 million worth of Bitcoin to cope with post-halving mining pressure

ChainCatcher news, according to Decrypt, the second largest publicly listed Bitcoin mining company in the U.S., Riot Platforms, sold 475 Bitcoins in April 2025 at an average price of $81,731 per coin, raising a total of $38.8 million. Of these, 463 were mined in April, and 12 came from reserves.

Company CEO Jason Les stated that this move is to fund ongoing growth and operations while reducing reliance on equity financing. This decision comes after Bitcoin's fourth halving, during which miners are facing the dual pressure of block reward halving 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.