Publicly listed mining companies' December mining output increased, but they sold off a large amount of BTC to 18,005 coins

【Crypto World】An interesting phenomenon is worth noting. Riot Platforms, a NASDAQ-listed mining company, mined 460 BTC last month, an increase from 428 BTC in November. Production is rising, which sounds good.

But here’s the twist — they also sold 1818 BTC, cashing out approximately $161.6 million. What’s the result? The total BTC holdings have now dropped to 18,005 BTC.

The logic behind this is quite clear: while production is increasing, the scale of selling is even larger. The movements of publicly listed mining companies often reflect their actual market judgment — increased production is for cost control and technological optimization, but large-scale sell-offs at the same time may indicate they are more inclined to realize profits at this price level. For market participants, whale-level holdings changes are always a noteworthy signal.