A post by @WuBlockchain on X.
Second-Largest Bitcoin Miner Riot Sells 10,599 BTC in Q3, Holdings Drop Nearly 79% from End of June
@WuBlockchain on X
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Riot Platforms, the second-largest publicly listed Bitcoin miner, sold 10,599 BTC in the third quarter, cutting its holdings from 11,380 BTC at the end of June to 2,418 BTC—a nearly 79% decline. The disposal marks one of the largest quarterly drawdowns among listed miners and underscores the sector's push to monetize mined coins for liquidity. The sale comes as miners weigh production economics against balance-sheet flexibility following the April halving. Investors will watch whether Riot rebuilds its treasury through future production or redirects proceeds toward infrastructure and expansion.
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Riot Platforms (RIOT), Bitcoin (BTC), Wu Blockchain
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