Riot Platforms Shifts Strategy: Sells 475 Bitcoin in april 2025
In April 2025, riot Platforms sold 475 Bitcoin, marking a important change from its previous strategy of holding all mined BTC. The sale included all 463 BTC mined that month and 12 from reserves, totaling about $38.8 million at an average price of $81,731 per coin.
This is the first major sale since January 2024. The move aims to fund operations and reduce equity dilution. CEO Jason Les explained it as a strategic decision to support growth while still believing in BitcoinS long-term value.
The company sold all 463 BTC mined in April and 12 from its reserves. This decision aligns with its new treasury strategy. The sale generated roughly $38.8 million. It’s a shift from its long-standing 100% Bitcoin holding policy.
Les said the sale supports growth without losing faith in Bitcoin.Riot mined 463 BTC, down 13% from March due to two network difficulty adjustments. Despite this, production was up 23% year-over-year.
riot finalized the acquisition of Rhodium’s assets in April. This transition marks the end of its hosting agreement and a move to a self-mining model. Despite selling BTC, Riot’s holdings remain stable at over 19,200 BTC.
The company earned $2 million in power-related credits and kept low power costs at 3.7 cents per kWh. Riot will keep evaluating funding strategies based on market conditions to balance growth and its long-term Bitcoin strategy.
