BITCOIN MINERS ARE SELLING. 3,778 BTC DUMPED IN 90 DAYS

Source: The Block + Bitcoin Magazine + Yahoo Finance — Confirmed

Why Riot Is Selling

Riot is not selling because it believes Bitcoin is going down. It is selling to fund expansion into AI and high-performance computing infrastructure. The company signed a deal with AMD at its Rockdale, Texas location in January 2026. MARA Holdings sold 15,133 BTC for $1.1 billion in the same period and used those proceeds to buy back convertible notes. Multiple mining operators are liquidating simultaneously — all redirecting capital toward AI compute revenue.

“The miners who produce Bitcoin are selling it. The firms managing Wall Street’s money are about to start buying it. That transfer of ownership is the story behind the story.”

The Transfer of Ownership

In every major asset class transition I have studied, there is a period where the original producers sell to the new institutional holders. The miners — the original institutional holders of Bitcoin — are converting to cash and infrastructure. The traditional financial system is absorbing that supply. When that transfer completes, the supply available for purchase at current prices will be significantly smaller.

This Is Not Financial Advice

I am not a financial advisor. Nothing here should be interpreted as investment advice. What I am doing is identifying structural patterns I have seen before across eight markets and pointing at the dynamics worth paying attention to. What you do with that information is entirely your decision.