Reviewed by
Reviewed by
Saman Waris
Updated 20:30 IST
April 2, 2026
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Some public Bitcoin miners and treasury firms have increased the sell-off of their holdings.
Notably, Riot Platforms reportedly moved $34.13 million of BTC (500 coins) on the 2nd of April, likely for selling.
This comes just a few days after MARA sold 15.1K BTC (worth over $1 billion) to reduce its debt burden. The sell-off underscored an ongoing miner liquidation, which has intensified since the BTC pullback began in October 2025.
The miner dump has caught up with Riot Platform, too, amid rising diversification of public miners to AI and the need to optimize capital operations. As of late 2025, Riot Platforms had 19,368 BTC. Its holdings dropped to 18K BTC in January 2026, suggesting it offloaded over 1.3K BTC.
If the latest 500 BTC dump is confirmed, that would reduce the stash to 17,500, worth over $1.26B.
1% decrease in Bitcoin treasury holdings
But other Bitcoin treasury firms were reducing their exposure as well. According to Arkham data, treasury form Empery Digital (formerly known as Volcon) sold 1,795K BTC ($122.53 million) through Gemini.
This was the last remaining BTC held by the firm, effectively trimming its entire 4.1K BTC stash.
According to Bitcoin Treasuries data, public firms’ overall holdings dropped from 1.07 million BTC to 1.06 million in the past week. That’s about 10K BTC sold over the same period, or approximately a 1% dip.
Intriguingly, analysts have billed the liquidation, particularly public miner sell-offs and exits, as great for remaining smaller and medium-sized miners.
But this could also exert pressure on the BTC price. In the past 24 hours, BTC faced price rejection at $69K and dropped nearly 3% to $66K after the above +$150M dump from Riot and Empery Digital.
Bitcoin whale sell-off deepens
That said, the BTC treasury sell-offs fell within a broader whale distribution trend.
According to CryptoQuant, whale cohorts, or large investors holding 1K-10K BTC, have become net sellers, underscoring 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.
In other words, ongoing BTC recovery attempts could be exhausted by whale sell-offs.
Final Summary
- Bitcoin treasury firms have offloaded 10K BTC in the past week, led by Empery Digital and Riot Platforms.
- Whale dump has intensified as large investors’ holdings of 1K-10K BTC have increased profit-taking, selling 188K BTC in early 2026.
Benjamin Njiri is a Crypto Analyst and Reporter at AMBCrypto, specializing in technical analysis and emerging market trends. With a background in Telecoms engineering and power systems, he applies data analysis to filter market noise and decode on-chain data. His work delivers clear, data-driven insights that help readers navigate crypto markets with confidence.
