Riot and Hut 8 sell thousands of bitcoin to fund AI and buybacks
AI summary
Riot sold 20,264 bitcoin this year to fund AI data centers and now holds 2,418 BTC, while Hut 8 sold 3,102 BTC to repurchase $250 million of stock. The sales show major miners redirecting treasury bitcoin into AI infrastructure and buybacks, adding supply to the market. Traders will watch whether other miners follow, since continued treasury liquidation could weigh on BTC price.
