Riot sold $200 million of bitcoin in late 2025, cutting holdings to 18,005 BTC

Riot Platforms, a publicly listed bitcoin miner and data‑centre operator, sold about $200 million of bitcoin in the final months of 2025, reducing its holdings to 18,005 BTC by year‑end.

The company offloaded 1,818 BTC (about $161.6 million) and 383 BTC (about $37 million) in November, according to the report. Those sales brought Riot’s bitcoin balance down to 18,005 BTC by the end of 2025.

Matthew Sigel, head of digital assets research at VanEck, suggested funding for Riot’s AI build‑out could be a reason for the sales, saying the amount sold is “roughly the entire capex Riot has guided for the first 112 MW core/shell build at Corsicana, targeting completion in Q1 2027. In other words, one winter of BTC sales equals funding Phase 1 of the AI data center pivot.” Sigel added that miners have been among the largest marginal sellers of BTC as they fund AI‑related capex, especially when credit conditions tighten.

Riot’s shares were reported to be down about 2% on Tuesday, alongside a roughly 1.2% retreat in the price of bitcoin to $92,500. The report notes miner sales can occur for various reasons and says this could be one of many factors behind bitcoin’s 2025 decline.

Key Topics

Crypto, Riot Platforms, Corsicana, Bitcoin, Vaneck, Matthew Sigel