Public Bitcoin Miners Offload Over 15,000 BTC Since October

2026-03-06 11:17

Publicly traded Bitcoin mining companies have collectively sold more than 15,000 BTC, valued at approximately $1.05 billion, since October. Cango led the sales in February, offloading 4,451 BTC, which accounted for about 60% of its reserves. Bitdeer liquidated its entire Bitcoin holdings last month, while Riot Platforms executed multiple sales in December. Core Scientific plans to sell around 2,500 BTC in the first quarter. MARA Holdings, the largest publicly traded Bitcoin miner, has indicated through regulatory filings that it may engage in buying and selling Bitcoin to maintain operational flexibility. The company currently holds over 53,000 BTC, positioning it as the second-largest corporate Bitcoin holder after Strategy.

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