Riot Platforms sold 1,818 bitcoins in December 2025, raising $161.6 million.
PANews reported on January 7th that, according to The Block, Riot Platforms (NASDAQ: RIOT) sold 1,818 Bitcoins in December, realizing $161.6 million. Its Bitcoin reserves decreased to 18,005 from 19,368 at the end of November. The company stated that its average Bitcoin price was $88,870 per coin, down 8% from $96,560 in November, but total Bitcoin sales revenue increased by 337% month-over-month, from $37 million in the previous period to $161.6 million. Notably, according to its disclosed information, the December sell-off marked Riot's largest single-month Bitcoin sale and is only the third time in 2025 that it has net reduced its reserve holdings. The update report shows that the company's total Bitcoin production for the month was 460, an 8% increase from 428 in November, but an 11% decrease from 516 in December 2024.
This sell-off comes at a time when mining profitability is under severe pressure. Data shows that hash rates were at cyclical lows for most of the last quarter. Riot's Bitcoin sale coincides with a shift in its capital strategy. The company revealed that earlier this month, Riot Games adjusted its market equity offering plan, replacing the previous offering with approximately $150 million in remaining funds with a new plan that allows for a maximum stock offering of $500 million.
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