2026 Miner Fire Sale: 14 Public Companies Sell 108,247 BTC for $8 Billion According to data from @lookonchain, as of November 10, 2026, 14 public companies have collectively sold 108,247 bitcoin:native, totaling approximately $8.08 billion. MARA sold 40,581 BTC (worth $3.03 billion at an average price of $74,446), and Riot Platforms sold 20,264 BTC (worth $1.51 billion at an average price of $73,231)—both being the largest sellers. The primary driver is strategic transformation, not merely profit-taking: leading mining companies are liquidating BTC to fund AI data center development, repay debt, and repurchase shares. MARA recently sold approximately 13,600 BTC to repay a $750 million loan and plans to continue selling to support its AI initiatives; Riot has sold over 20,000 BTC this year, leaving only around 2,400 BTC in reserve, with proceeds primarily allocated to AI data centers.
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