Major Bitcoin miners and treasury firms have accelerated their sell-offs, contributing to price pressure. Riot Platforms recently moved $34 million worth of BTC, likely for selling, following Marathon Digital’s earlier $1 billion sale to reduce debt. Data indicates public companies sold roughly 10,000 BTC last week, a 1% decline in total holdings. Concurrently, large Bitcoin whales have become net sellers, creating what analysts call a “structural selling pressure” on the market.
Public Bitcoin miners and treasury firms have increased the sell-off of their holdings. Riot Platforms reportedly moved 500 BTC worth $34 million on April 2, likely for selling.
This follows Marathon Digital selling 15,100 BTC worth over $1 billion to reduce its debt burden. The miner liquidation has intensified since Bitcoin’s pullback began in October 2025.
Riot Platforms had 19,368 BTC in late 2025, which dropped to 18,000 BTC by January 2026. If the latest 500 BTC dump is confirmed, its holdings would fall to 17,500 BTC worth over $1.26 billion.
Treasury firm Empery Digital sold its entire remaining stash of 1,795 BTC worth $122.5 million according to Arkham data. This emptied its former holdings of 4,100 BTC.
Public firms’ overall Bitcoin holdings dropped from 1.07 million to 1.06 million BTC in the past week. That represents approximately a 1% dip in treasury holdings.
The sell-off falls within a broader whale distribution trend. CryptoQuant data shows whale cohorts holding 1,000 to 10,000 BTC have become net sellers.
Analysts describe this as a ‘structural selling pressure’ and not a short-term trend. The 1-year change in whale holdings has swung from ~+200K BTC at the 2024 bull market peak to approximately -188K BTC today, representing one of the most aggressive large-holder distribution cycles on record.
Bitcoin faced price rejection at $69,000 and dropped nearly 3% to $66,000 in the past 24 hours. This followed the combined sell-off from Riot and Empery Digital exceeding $150 million.
