Riot Platforms sold 475 Bitcoin in April 2025, marking a major shift from its long-standing 100% Bitcoin holding strategy. The sale included all 463 BTC mined during the month and 12 Bitcoin ( BTC ) from its reserves, generating approximately $38.8 million at an average price of $81,731 per coin, according to a company release . This is Riot’s first significant sale since January 2024, and it is coming as the company adjusts its treasury strategy to prioritize operational funding and minimize equity dilution. CEO Jason Les said the move reflects a “strategic decision” to sell monthly production to support growth while maintaining confidence in Bitcoin’s long-term value. Riot Announces April 2025 Production and Operations Updates. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said @JasonLes_ , CEO of Riot. “April was a significant month for Riot as we closed on the acquisition… pic.twitter.com/0cSznh5fBM — Riot Platforms, Inc. (@RiotPlatforms) May 5, 2025 Riot produced 463 BTC in April, down 13% from March due to two consecutive Bitcoin network difficulty increases. However, production was still up 23% year-over-year. The company’s deployed hash rate remained flat at 33.7 EH/s, while average operating hash rate declined slightly to 29.3 EH/s. You might also like: U.S. sanctions Myanmar warlord and militia tied to cyber scams Riot and Rhodium April also marked a structural shift for Riot as it finalized the acquisition of Rhodium’s assets at its Rockdale facility, ending its final hosting agreement and fully transitioning to a self-mining business model. Despite the BTC sale, Riot’s bitcoin holdings remained stable at over 19,200 BTC, indicating continued accumulation over time. The company earned $2 million in power-related credits and maintained low power costs at 3.7 cents per kWh. Riot said it will continue evaluating funding strategies based on market conditions, aiming to balance sustainable growth with its long-term Bitcoin holdings strategy. You might also like: ‘I haven’t even looked’: Trump claims he doesn’t know what his crypto is worth
