EL7.AI
CryptoMediumUpdated×2•Originally published 6 March 2026•Updated 6 March 2026•
1 min read

Bitcoin Miners Accelerate Sell-off as Bitdeer Exits and Cango Liquidates Holdings

Key Facts

1Publicly listed Bitcoin mining companies have sold more than 15,000 BTC since October.
2The sell-off coincided with Bitcoin reaching an all-time high of $126,000.
3Several mining companies are planning to sell even more BTC in early 2026.

The Bitcoin mining industry is undergoing a radical shift in financial strategy, with Cango selling 4,451 BTC and Bitdeer announcing a full exit from its cryptocurrency positions. These moves follow the liquidation of over 15,000 BTC by public firms after prices hit record highs, driven by mounting debt and tightening margins. Riot also joined the sell-off in December, while Core Scientific revealed plans to liquidate an additional 2,500 BTC in the first quarter of the year. This trend marks a clear departure from the traditional 'HODL' strategy as companies prioritize liquidity for operational continuity. Investors are closely monitoring the impact of this increased supply on the BTC/USD pair and major mining stocks like MARA and RIOT. Analysts suggest that restructuring balance sheets has become a top priority for miners to ensure long-term sustainability amidst current market volatility. This wave of institutional selling underscores a defensive pivot toward cash preservation over long-term asset appreciation.