Arkham has reported a 500 Bitcoin outflow from a wallet attributed to Riot Platforms, indicating a potential sale. This comes after Riot posted record 2025 revenue of around $647 million, driven by an increase in Bitcoin mining revenue. This is part of a trend of large listed miners selling Bitcoin, with MARA Holdings selling about $1.1 billion worth of Bitcoin in March to repurchase convertible debt at a discount. Other public miners have also sold over 15,000 BTC in recent months. Despite this, Bitcoin treasury companies, including Metaplanet, are still aggressively adding to their holdings. Listing pressures have also impacted some mining-linked stocks, including Cango, which received a notice from the New York Stock Exchange after its shares traded below $1 for 30 consecutive trading days.