TechFlow news, May 6 — According to Decrypt, Riot Platforms, the second-largest publicly traded Bitcoin mining company in the U.S., sold 475 bitcoins in April 2025 at an average price of $81,731 per bitcoin, raising a total of $38.8 million. Of these, 463 bitcoins were mined in April and 12 came from reserves.
CEO Jason Les stated the move aims to fund ongoing growth and operations while reducing reliance on equity financing. The decision comes after Bitcoin's fourth halving event, during which miners face dual pressures of halved block rewards and a 35% increase in network difficulty. As of now, Riot still holds 19,211 bitcoins, valued at approximately $1.8 billion at current market prices.
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