Publicly Traded Bitcoin Miners Sell Over 32,000 BTC in Q1 2026, Breaking Annual Record
Publicly listed Bitcoin miners sold more than 32,000 BTC in the first quarter of 2026, breaking the full-year 2025 sell-off volume. The sell-off was driven by rising hash rate, reduced block rewards, and macroeconomic conditions. The current hashprice is around $33 per PH/s per day, below the $35 break-even level, leaving approximately 20% of miners unprofitable. Total BTC held by miners has dropped from around 1.86 million in 2023 to approximately 1.80 million as of 2026.
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