With the recent fluctuation in Bitcoin prices, it was determined that five major publicly traded Bitcoin mining companies sold over 15,000 BTC in total. Especially the sales amount in February reached the highest level in the last five months, putting a remarkable pressure on the market.
Acceleration in Miner Sales
Companies named CORZ, CLSK, RIOT, BTDR and CANG played an important role in the BTC sales chart, which was monitored month by month from October 2025 to February 2026. In October and November, sales amounted to 1,300 and 1,500 BTC respectively; During this period, the Bitcoin price was hovering above $90,000. While sales increased in December, reaching approximately 3,100 BTC, it seems that RIOT’s sales came to the fore during this period. In January 2026, the figure increased to 3,600 BTC, gaining upward momentum, especially with the influence of CORZ, CLSK and BTDR.
Record Sales in February
February 2026 surpassed all previous months’ volumes with sales of approximately 6,100 BTC in total. In this month, CANG mining company’s sales increased significantly. While the average price of Bitcoin decreased to the level of $ 70,000 during this period, miners were seen to increase the selling pressure.
This acceleration in sales also revealed a striking inverse relationship. While the price of Bitcoin was over $110,000 in October, it fell to around $70,000 in February. Despite this, mining companies increased the amount of sales as the price fell. While less BTC was sold at a higher price in October, more BTC was sold at a lower price in February.
This attitude of miners is explained by industry dynamics. Companies are choosing to sell more BTC to continue their operations as the value of Bitcoin decreases, while remaining under the pressure of fixed costs such as energy, personnel and financing. As a matter of fact, in CleanSpark’s February activity update, it was stated that 97.4 percent of the monthly production was sold and an income of 36.65 million dollars was obtained.
In the statement made by CleanSpark, it was stated that the company converted almost all of the Bitcoin it produced in February and provided a cash flow of 36.65 million dollars from these sales.
Impact on the Market
The 15,000 BTC sell-off in the last five months revealed a steady and growing pressure on the supply side. Miners continued to release their BTCs to the market in order to provide liquidity in a short time, unlike long-term conservative investors. In particular, the increase in February led to uncertainty about whether the sales pressure had peaked or whether it would continue in March. Whether the industry can cover operating expenses at the current price level seems to shape sales behavior in the following months.
