The US Bitcoin mining company Riot sold 2,201 BTC at the end of last year

According to the latest production and operational report released in December, the publicly listed Bitcoin mining company Riot Platforms sold a total of 2,201 BTC during November and December of last year, generating a net income of nearly $200 million.

It is reported that Riot Platforms held 18,005 BTC at the end of the year, valued at approximately $1.65 billion at current prices. However, this figure represents a decrease of over 1,300 BTC from its October holding balance (19,324 BTC), and is only 293 BTC higher than the year-end balance of the previous year. In stark contrast to 2024, when the company did not sell any Bitcoin and instead increased its Bitcoin reserves by over $500 million.

Matthew Sigel, head of digital assets at VanEck, pointed out that the recent sell-off indicates that the company is working towards a transition into the artificial intelligence sector.