Riot Dumps Record $162M in Bitcoin as Hashprice Crisis Forces Largest-Ever Selloff

Riot Platforms has carried out the largest bitcoin selloff in its history, dumping $161.6 million worth of BTC in December as deteriorating mining economics forced a sharp shift in treasury strategy. The sale came despite Riot producing more bitcoin month over month, showing how pressure from collapsing hashprice is now overriding the long-standing “hodl” approach once favored by large public miners. Riot Steps Up Bitcoin Sales as Hashprice Slumps to Five-Year Lows The US-listed miner sold 1,818 bitcoi ...