US Stock Bitcoin Mining Company Riot Sells 2,201 BTC at the End of Last Year

January 7 — Listed Bitcoin mining firm Riot Platforms sold a total of 2,201 BTC in November and December of last year, netting nearly $200 million in profit, per its latest production and operations report released in December. Riot held 18,005 BTC at year-end, worth approximately $1.65 billion at current prices. However, that figure is down by more than 1,300 from its October balance of 19,324 BTC, and only 293 more than its year-end total the prior year. In stark contrast to 2024 — when the company sold no Bitcoin and instead grew its BTC reserves by over $500 million in value — Riot’s recent sell-off signals an active pivot into artificial intelligence (AI), according to Matthew Sigel, VanEck’s Director of Digital Assets.