Riot Blockchain sold 3,778 BTC in the first quarter for about $289.5 million, at an average price of $76,626, amid a tough market environment for crypto firms. The company also mined 1,473 BTC during the quarter and held 15,680 BTC on its balance sheet at the end of Q1. Other crypto firms have also been selling off Bitcoin holdings in recent months due to market pressures.

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