Riot Platform销售475个比特币，颠倒了其长期霍德林政策

如今，Riot Platforms更新了其比特币持有量，表明它在4月售出了475 BTC，从而扭转了其长期的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.

上个月，Riot Platforms在逆转其长期霍德林政策的情况下出售了475个比特币，而战略如今已获得BTC，价值1.8亿美元。据报道，这是Riot自2024年1月以来首次出售的比特币出售。

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.

尽管MicroStrategy继续坚持其积极的积累政策，但并非所有行业领导者都印象深刻。例如，科技创始人和企业家安东·戈鲁布（Anton Golub）警告了战略BTC收购的危险，将其描述为庞氏骗局。

Riot Sells Bitcoin While Strategy Keeps Buying

暴动在战略不断购买时出售比特币

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是世界上最杰出的比特币矿工之一，其典型的策略是拥有所有令牌。除了挖掘大量比特币外，它还在最近几次购买了资产。

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

但是，今天，Riot宣布了一个新闻稿，详细介绍了它在4月的销售：

“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首席执行官Jason Les表示：“在四月的月份中，我们做出了一项战略决定，将每月的比特币生产出售以资助正在进行的增长和运营。我们不断评估考虑多种因素并优先考虑强大资产负债表的最佳资金来源。”

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.

他还说，Riot正在关闭其采矿托管业务，该运营以前提供了收入。由于采矿收入受到威胁，该公司至少在暂时决定重新安排其目标。

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

莱斯声称，Riot在四月份开采了463个比特币，因此必须利用储备金，提到“连续的两次难度调整”破坏了操作。

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.

如果有一家公司继续持有巨大的比特币储备，那就是策略。该公司一直在整个2025年进行大规模的BTC购买，最近提供了多达840亿美元的新鲜股票销售，以资助这些购买。

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

它的主席迈克尔·赛勒（Michael Saylor）今天宣布了另一次购买，以1.895 btc的价格以1.803亿美元的价格购买。

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，这次购买是在公司的不稳定时刻进行的。战略最近披露了第一季度净亏损的42亿美元，因此可能需要清算其比特币持有量。

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

科技企业家和包括Freedx在内的几家公司的创始人安东·戈鲁布（Anton Golub）呼吁关注这种不稳定的情况：

“[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.

“对加密货币行业的最大灾难是迈克尔·塞勒（Michael Saylor）和他的840亿美元比特币购买疯狂。现在，塞勒（Saylor）提供了支付10％+年收益率的股票。但是策略没有利润。没有可持续的收入。因此，收益率是什么。

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还指出，MicroStrategy使用潜在的风险可转换债券来资助这些比特币购买。本质上，该公司通常被描述为BTC市场信心的支柱。

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。加密社区专心观看每次购买，并为停顿而烦恼；如果他出售，那肯定会影响比特币的价格。

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

放在一起，骚乱和策略的比特币操作似乎有些担心

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.

总而言之，Riot出售其每月比特币生产和战略的报道继续购买资产，强调了一些主要加密企业面临的转移优先事项和财务压力。

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.

鉴于Riot出售其一些比特币储备的决定，鉴于其长期看涨立场，这似乎令人惊讶，但它反映了该公司的照级现有的计划，以资助其增长计划并使收入流多样化。

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，尽管最近遇到了挫折和潜在的清算需求，策略的持续比特币积累表明了该公司对其持有和增加其数字资产持有的核心策略的坚定承诺。