Riot Platforms sells 475 BTC in April, ending 100% hodl strategy

According to Wu Blockchain on X, Riot Platforms sold 475 BTC in April 2025—its first major Bitcoin sale since January 2024. The sale, including 463 BTC mined in April and 12 BTC from reserves, generated approximately $38.8 million in proceeds, marking a shift from the company’s long-standing 100% hodl strategy.