{"id":156249,"date":"2025-05-07T07:00:01","date_gmt":"2025-05-07T04:00:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156249"},"modified":"2025-05-06T15:37:26","modified_gmt":"2025-05-06T12:37:26","slug":"riot-sells-38-8m-in-bitcoin-amid-halving-pressure-and-rising-costs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/riot-sells-38-8m-in-bitcoin-amid-halving-pressure-and-rising-costs\/","title":{"rendered":"Riot Sells $38.8M in Bitcoin Amid Halving Pressure and Rising Costs"},"content":{"rendered":"

Facing rising operational costs and post-halving pressures, the Colorado-based firm sold<\/a><\/strong> 475 BTC at an average price of $81,731 per coin\u2014most of which came from newly mined tokens that month, with a small portion drawn from reserves.<\/p>\n

Despite the selloff, Riot still holds over 19,000 BTC on its books, currently valued at around $1.8 billion. CEO Jason Les explained that the sale was a strategic decision to fund ongoing operations without relying heavily on equity financing, helping avoid further shareholder dilution.<\/p>\n

The move comes as Bitcoin miners adjust to the effects of the latest halving, which slashed block rewards by half in April of last year. Though halving events typically drive long-term price appreciation, they also squeeze miners\u2019 short-term profitability. Riot\u2019s Bitcoin production in April declined by 13% compared to the previous month, despite a steady hash rate. At the same time, mining difficulty has jumped 35% year-over-year, reaching over 119 trillion hashes\u2014making it increasingly expensive to earn rewards.<\/p>\n