According to ChainCatcher's latest production and operations report released in December, publicly traded Bitcoin mining company Riot Platforms sold a total of 2,201 BTC during November and December of last year, generating a net profit of nearly $200 million.
Riot Platforms reportedly held 18,005 BTC at the end of the year, worth approximately $1.65 billion at current prices. However, this figure represents a decrease of over 1,300 BTC from its October holdings (19,324 BTC) and is only 293 BTC higher than its year-end balance the previous year. This contrasts sharply with 2024, when the company did not sell any Bitcoin but instead added over $500 million worth of Bitcoin reserves.
Matthew Sigel, head of digital assets at VanEck, pointed out that the recent sell-off indicates the company's commitment to transitioning into the field of artificial intelligence.
