Riot Platform銷售475個比特幣，顛倒了其長期霍德林政策

如今，Riot Platforms更新了其比特幣持有量，表明它在4月售出了475 BTC，從而扭轉了其長期的Hodling政策。

Last month, Riot Platforms sold 475 Bitcoin in a reversal of its long-term hodling policy, while Strategy acquired BTC worth $180 million today. This was reportedly Riot’s first Bitcoin sell since January 2024.

上個月，Riot Platforms在逆轉其長期霍德林政策的情況下出售了475個比特幣，而戰略如今已獲得BTC，價值1.8億美元。據報導，這是Riot自2024年1月以來首次出售的比特幣出售。

While MicroStrategy continues to stick to its aggressive accumulation policy, not all industry leaders are impressed. For instance, tech founder and entrepreneur Anton Golub warned about the dangers of Strategy’s BTC acquisition, describing it as a Ponzi scheme.

儘管MicroStrategy繼續堅持其積極的積累政策，但並非所有行業領導者都印象深刻。例如，科技創始人和企業家安東·戈魯布（Anton Golub）警告了戰略BTC收購的危險，將其描述為龐氏騙局。

Riot Sells Bitcoin While Strategy Keeps Buying

暴動在戰略不斷購買時出售比特幣

Riot Platforms is one of the most prominent Bitcoin miners in the world, and its typical strategy is to hold all its tokens. In addition to mining a substantial quantity of Bitcoin, it has also purchased the asset on several recent occasions.

Riot Platforms是世界上最傑出的比特幣礦工之一，其典型的策略是擁有所有令牌。除了挖掘大量比特幣外，它還在最近幾次購買了資產。

Today, however, Riot publicized a press release detailing the sales it made in April:

但是，今天，Riot宣布了一個新聞稿，詳細介紹了它在4月的銷售：

“During the month of April, we made the strategic decision to sell our monthly production of bitcoin to fund ongoing growth and operations. We continuously evaluate the best funding sources considering a multitude of factors and prioritizing a strong balance sheet,” said Jason Les, CEO of Riot.

Riot首席執行官Jason Les表示：“在四月的月份中，我們做出了一項戰略決定，將每月的比特幣生產出售以資助正在進行的增長和運營。我們不斷評估考慮多種因素並優先考慮強大資產負債表的最佳資金來源。”

He also stated that Riot is shutting down its mining hosting operations, which previously provided income. With mining revenues at stake, the firm is deciding to rearrange its goals, at least for the time being.

他還說，Riot正在關閉其採礦託管業務，該運營以前提供了收入。由於採礦收入受到威脅，該公司至少在暫時決定重新安排其目標。

Les claimed that Riot mined 463 Bitcoin in April, so it had to tap into reserves, mentioning “two successive difficulty adjustments” disrupting operations.

萊斯聲稱，Riot在四月份開采了463個比特幣，因此必須利用儲備金，提到“連續的兩次難度調整”破壞了操作。

If there’s one company continuing to hold huge Bitcoin reserves, it’s Strategy. The firm has consistently made massive BTC purchases throughout 2025 and recently offered up to $84 billion in fresh stock sales to fund these purchases.

如果有一家公司繼續持有巨大的比特幣儲備，那就是策略。該公司一直在整個2025年進行大規模的BTC購買，最近提供了多達840億美元的新鮮股票銷售，以資助這些購買。

Its Chair, Michael Saylor, announced another purchase today, buying 1,895 BTC for $180.3 million.

它的主席邁克爾·賽勒（Michael Saylor）今天宣布了另一次購買，以1.895 btc的價格以1.803億美元的價格購買。

However, this purchase took place at a precarious moment for the company. Strategy recently disclosed a $4.2 billion net loss in Q1, and it may need to liquidate its Bitcoin holdings.

但是，這次購買是在公司的不穩定時刻進行的。戰略最近披露了第一季度淨虧損的42億美元，因此可能需要清算其比特幣持有量。

Anton Golub, tech entrepreneur and founder of several firms including Freedx, called attention to this precarious situation:

科技企業家和包括Freedx在內的幾家公司的創始人安東·戈魯布（Anton Golub）呼籲關注這種不穩定的情況：

“[The] biggest catastrophe for the crypto industry is Michael Saylor and his $84 billion Bitcoin buying madness. Saylor is now offering shares that pay 10%+ annual yield. But Strategy has no profits. No sustainable revenue. So where does yield come from? New investors! It only works if Bitcoin keeps pumping forever. When this collapses, retail gets destroyed,” he said.

“對加密貨幣行業的最大災難是邁克爾·塞勒（Michael Saylor）和他的840億美元比特幣購買瘋狂。現在，塞勒（Saylor）提供了支付10％+年收益率的股票。但是策略沒有利潤。沒有可持續的收入。因此，收益率是什麼。

Golub also noted that MicroStrategy is using potentially risky convertible bonds to fund these Bitcoin purchases. Essentially, the firm is typically depicted as a pillar of market confidence in BTC.

Golub還指出，MicroStrategy使用潛在的風險可轉換債券來資助這些比特幣購買。本質上，該公司通常被描述為BTC市場信心的支柱。

However, Saylor is more or less forbidden from selling. The crypto community attentively watches each purchase and frets over pauses; if he sold, it would surely impact Bitcoin’s price.

但是，Saylor或多或少被禁止出售。加密社區專心觀看每次購買，並為停頓而煩惱；如果他出售，那肯定會影響比特幣的價格。

Put Together, Riot and Strategy’s Bitcoin Operations Seem a Little Worrying

放在一起，騷亂和策略的比特幣操作似乎有些擔心

To conclude, the reports of Riot selling its monthly Bitcoin production and Strategy continuing to buy the asset highlight the shifting priorities and financial pressures that some major crypto firms are facing.

總而言之，Riot出售其每月比特幣生產和戰略的報導繼續購買資產，強調了一些主要加密企業面臨的轉移優先事項和財務壓力。

While Riot's decision to sell some of its Bitcoin reserves might seem surprising given its long-term bullish stance, it reflects the company's стремление to fund its growth plans and diversify its revenue streams.

鑑於Riot出售其一些比特幣儲備的決定，鑑於其長期看漲立場，這似乎令人驚訝，但它反映了該公司的照級現有的計劃，以資助其增長計劃並使收入流多樣化。

On the other hand, Strategy's persistent Bitcoin accumulation, despite recent setbacks and the potential need for liquidation, showcases the firm's unwavering commitment to its core strategy of holding and increasing its digital asset holdings.

另一方面，儘管最近遇到了挫折和潛在的清算需求，策略的持續比特幣積累表明了該公司對其持有和增加其數字資產持有的核心策略的堅定承諾。