1️⃣ First Bitcoin Sale in Over a Year:

Riot Platforms sold 475 $BTC in April—its first major bitcoin sale since early 2024—raising $38.8M to support operational funding.

2️⃣ Strategic Capital Management:

CEO Jason Les said the sale aims to reduce reliance on equity fundraising and protect shareholders from dilution amid volatile market conditions.

3️⃣ Treasury Holdings Remain Strong:

Despite the sale, Riot held 19,211 BTC as of May 5, maintaining its position among the largest corporate holders of bitcoin globally.

4️⃣ Post-Halving Mining Pressures:

The average cost to mine one bitcoin jumped to $43,808 in Q1 2025, nearly doubling from the previous year due to the recent bitcoin halving.

5️⃣ Financial Snapshot:

$Riot posted $161.4M in Q1 revenue but reported a $296.4M net loss, reflecting the rising costs and headwinds facing the mining sector.