Trending Now - Riot Blockchain Sells 3,778 BTC as Miners Face Profit Struggles

WHO:

Bitcoinist - Riot Platforms is the Bitcoin mining company involved in the transactions.

Cointelegraph - Other companies mentioned include MARA Holdings, Genius Group, and Nakamoto Holdings.

WHAT:

Cointelegraph - Riot sold 3,778 Bitcoin during the first quarter of 2026.

Cointelegraph - Riot Platforms transferred out another 500 Bitcoin on March 31st, 2026.

Cointelegraph - MARA Holdings, Genius Group, and Nakamoto Holdings sold a combined total of 15,501 Bitcoin in the last week of March 2026.

Cointelegraph - The 500 Bitcoin outflow from Riot was valued at approximately $34 million.

WHERE:

Bitcoinist - The transactions are linked to the Bitcoin network.

WHEN:

Cointelegraph - The 3,778 Bitcoin sale occurred during the first quarter of 2026.

Cointelegraph - The 500 Bitcoin outflow took place on March 31st, 2026.

WHY:

Cointelegraph - The sales are attributed to profitability pressures faced by Bitcoin miners and treasury companies amid volatile market conditions.

HOW:

Bitcoinist - The outflow of Bitcoin was tracked through on-chain analysis by Lookonchain.

(UPDATED April 3, 2026 07:18 UTC)

Riot Platforms, a Bitcoin mining company, sold 3,778 Bitcoin during the first quarter of 2026 and transferred an additional 500 Bitcoin on Tuesday, valued at approximately $34 million. In the last week of March, MARA Holdings, Genius Group, and Nakamoto Holdings collectively sold 15,501 Bitcoin, reflecting the profitability pressures faced by Bitcoin miners amid volatile market conditions. The transactions, linked to the Bitcoin network, were tracked through on-chain analysis by Lookonchain.