Riot continues to sell Bitcoin this week. If the current pace of selling continues through June, Riot will effectively have sold almost all of its Bitcoin holdings. What is clear is that Riot Bitcoin sales are not being driven by mining profitability pressures or operational difficulties. Instead, Riot has made AI-focused data center development its top strategic priority, and it is selling Bitcoin to secure capital for that expansion. This is not speculation it is based on official statements made by the company's management. Unfortunately, a similar trend is emerging across many major mining companies. Rather than focusing on increasing their Bitcoin reserves as they did in the past, they are increasingly reallocating capital toward AI infrastructure and data center businesses. Riot, along with most major U.S. mining companies, does not appear to be significantly concerned about the possibility of a decline in Bitcoin price. At this point, Riot has already sold approximately 90% of the Bitcoin it previously held.(mignolet)