Core Scientific (Miner → AI)
Period: Jan 2026
BTC Sold: ~1,900 BTC
Value: ~$175M
Notes: Treasury sale · AI pivot
Riot (RIOT)
Period: Q1 2026
BTC Sold: ~3,778 BTC
Value: ~$290M
Notes: Miner sell-off (avg $76.6k)
Cango (CANG)
Period: Feb–Mar
BTC Sold: ~6,451 BTC
Value: ~$448M
Notes: Repay BTC loans + AI pivot
Bitdeer (BTDR)
Period: Feb 20+
BTC Sold: ~5,900 BTC
Value: ~$380M
Notes: AI/HPC pivot · $575M cash
MARA (Miner)
Period: Mar 4–25
BTC Sold: 15,133 BTC
Value: $1.1B
Notes: Debt buyback (−30%)
Sequans (SQNS)
Period: through May
BTC Sold: ~928 BTC
Value: ~$55–60M
Notes: Redeem debt → exit crypto
Strategy (MSTR)
Period: Jun 29–Jul 5
BTC Sold: 3,588 BTC
Value: $216M
Notes: Dividends · 1st-ever sale
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