Bitcoin Miners Selling BTC in Bulk: Riot and MARA

Arkham pointed out a withdrawal of 500 Bitcoin from a wallet attributed to Riot Platforms on Wednesday; the company had not commented publicly on this potential sale as of publication time. This development came shortly after Riot announced record revenue of 647 million dollars for 2025, supported by an increase in Bitcoin mining revenues. Similarly, according to BTC detailed analysis data, MARA Holdings announced that it sold Bitcoin worth 1.1 billion dollars in March; other public miners have collectively offloaded more than 15.000 BTC in recent months. Empery Digital transferred its remaining 1.795 BTC (approximately 122.5 million dollars) to Gemini according to Arkham data. Nakamoto also obtained 20 million dollars in exchange for 284 Bitcoins in March. In contrast, Bitcoin treasury companies like Metaplanet continue to strengthen their positions.

BTC Technical Analysis: Critical Support and Resistance Levels

• Price: $66,091.80 (-2.95% 24s)
• RSI: 41.11 (Downtrend, Supertrend Bearish)
• Supports: S1 $64,362 (⭐ Strong, -2.29%) | S2 $60,000 (⭐ Strong, -8.91%)
• Resistances: R1 $83,437 (⭐ Strong, +26.67%) | R2 $69,555 (⭐ Strong, +5.60%)

If it cannot stay above EMA 20: $68,533, the decline may deepen. BTC futures are under pressure.

Stock Market Pressures for Bitcoin Mining Companies

Stock market pressures are increasing for mining companies. Cango received a delisting warning from the New York Stock Exchange due to its share price remaining below 1 dollar for 30 consecutive days while expanding its Bitcoin mining operations; it has a 6-month correction period. The company announced a 65 million dollar capital increase and 10 million dollar convertible bond financing on the same day; the share price rose to 0.42 dollars but did not meet NYSE requirements. Cango IR official Juliet Ye stated that they will continue their strategic roadmap, with cost optimization and treasury strategy adjustments. Canaan Inc. also received a similar minimum price warning from Nasdaq but increased its Bitcoin reserves and acquired a partnership in mining facilities in Texas.

Cango share price. Source: Yahoo! Finance.

Frequently Asked Questions About Bitcoin Miners' BTC Sales

Why did Riot Platforms sell 500 BTC? The company may have sold for liquidity despite record revenue; no official comment.

How does the BTC decline affect miners? Cost optimization is essential; companies like Cango face delisting risk.

What does MARA's 1.1 billion dollar sale mean? Bulk sales are pressuring BTC price, but buyers like Metaplanet exist.