Fourteen publicly listed companies have sold a combined 108,247 BTC worth approximately $8.08 billion in 2026, according to Lookonchain. MARA and Riot Platforms account for more than half of that total, and both tie the sales to debt repayment or data center spending.
According to blockchain analytics firm Lookonchain, 14 public companies sold a combined 108,247 BTC as of November 10. MARA led the list with 40,581 BTC worth approximately $3.03 billion.
Riot Platforms followed with 20,264 BTC worth $1.51 billion, while Bitdeer Technologies ranked third with 10,553 BTC valued at $787 million. Together, the two largest sellers accounted for approximately 56% of the Bitcoin sold by the companies in the analysis.
Miners fill most of the seller list
Other mining firms appear on the list as well. Cango sold 7,001 BTC worth $522 million, CleanSpark sold 5,715 BTC valued at $426 million, and Core Scientific sold 3,374 BTC worth $252 million, per Lookonchain's figures.
The sales come in a year when several public miners have spent heavily on artificial intelligence and data center infrastructure. An August BlocksBridge Consulting analysis found that nine public miners spent $5.11 billion on capital assets in the first half of 2026, while their reported AI and high-performance computing revenue totaled $341.2 million.
MARA repays loans backed by its Bitcoin
MARA's third-quarter shareholder letter, published November 9, says the company sold approximately 26,984 BTC for $1.9 billion in the first nine months of 2026. After September ended, it sold another 13,597 BTC for $1.1 billion.
The company used $750 million of those proceeds to repay Bitcoin-backed loans, which released 17,477 BTC previously pledged as collateral. MARA has reduced its total debt by $1.4 billion, or 37%, since the beginning of 2026.
Riot funds data centers with Bitcoin sales
Riot Platforms sold 20,264 BTC during the first nine months of 2026, generating approximately $1.5 billion, primarily to finance data center development. It ended September with 2,418 BTC valued at approximately $202 million.
Keel Infrastructure, the former Bitfarms, shut down its US Bitcoin mining operations in June as it redirected its American power portfolio toward AI and high-performance computing.
Source: crypto.news
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