Bitcoin’s price recovery to over $64,000 could be in trouble as the backbone of the entire network and ecosystem has gone on a substantial selling spree.
Data from Lookonchain shows that two of the largest BTC miners, namely MARA and Riot Platforms, have deposited significant portions of the cryptocurrency to exchanges, with the likely intention of selling.
More specifically, MARA, which posted over $600 million in losses in Q2 but continues to hold more than $2.3 billion in BTC, deposited 200 units to NYDIG on Thursday evening.
Riot Platforms, on the other hand, used the same platform to deposit another 381 BTC (worth $24.5 million) approximately at the same time.
Bitcoin mining companies are selling $BTC.
MARA, which holds 36,303 $BTC($2.34B), deposited 200 $BTC($12.86M) into NYDIG 10 hours ago.
Riot Platforms also continues to send $BTC to NYDIG, depositing another 381 $BTC($24.51M) 10 hours ago.https://t.co/fTOd8FQMxR… pic.twitter.com/cgjHgfXGJG
— Lookonchain (@lookonchain) August 7, 2026
This behavior from MARA and Riot comes just a month after reports claimed that BTC miners had disposed of a record 32,000 units in the first quarter of 2026, which triggered a painful decline in the blockchain’s hash rate.
Separately, the prolonged bear market continues to harm smaller BTC miners, pushing some out of business. Poolin filed for Chapter 11 bankruptcy protection in New Jersey and sought approval for a $52 million sale of its Texas mining properties.
On the positive side, a solo miner managed to solve the puzzle recently and secured the 3.125 BTC prize, worth around $200,000 at that time.
The post Bitcoin Miners Are Selling Again: Here’s How Much BTC Was Reportedly Offloaded appeared first on CryptoPotato.
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