Lookonchain: 14 public companies disposed of approximately 108,200 BTC during the year

Fourteen public companies have collectively disposed of about 108,247 BTC in 2026, valued at roughly $8.08 billion, according to Lookonchain data through Nov. 10. MARA accounted for the largest share at 40,581 BTC sold at an average price of $74,446, followed by Riot Platforms with 20,264 BTC at an average of $73,231. The tally also includes an estimated 10,553 BTC outflow from Bitdeer between January and September and 3,654 BTC delivered by CleanSpark tied to options or basis trades. The scale of sales by listed miners and treasury holders matters because it represents a steady supply overhang on the market even as spot prices sit near the miners' realized averages. Watch whether the pace of corporate disposals accelerates into year-end and whether remaining holders such as MARA and Riot continue to monetize reserves.