Crypto
Who Sold $8B Worth Bitcoin in 2026? Spoiler Alert: Not Retail Holders
Miners dominate Bitcoin selling in 2026, while major corporate treasuries continue buying as BTC struggles below $75,000.
BLOCKINSIDERLoadingMiners dominate Bitcoin selling in 2026, while major corporate treasuries continue buying as BTC struggles below $75,000.
Public companies sold BTC worth $8.08 billion in 2026, and retail holders were not the main sellers.
Even so, Bitcoin treasuries keep buying while price slips under $75,000, leaving the market split between sellers and accumulators.
So who exactly were the biggest hands behind the selling?
MARA Holdings topped the list, selling 40,581 BTC worth $3.03 billion at an average price of $74,446. Riot Platforms ranked second, selling 20,264 BTC worth $1.51 billion at an average price of $73,231. Together, MARA and Riot sold 60,845 BTC, more than half of the total. Bitdeer Technologies followed with an estimated 10,553 BTC, or $787 million, in outflows between January and September. Cango came next with 7,001 BTC valued at $522 million.
CleanSpark sold 5,715 BTC worth $426 million, including 3,654 BTC tied to options and basis-related deliveries.
Core Scientific sold 3,374 BTC at an average of $85,000, the highest price among disclosed sales. MARA and Riot sold near $74,000, close to where Bitcoin trades today.
Empery Digital sold 3,170 BTC at $66,733, the lowest disclosed average. Keel, Hut 8, HIVE Digital, IREN and Cipher Digital each sold between 2,252 and 3,169 BTC. Sequans and KULR sold 2,139 BTC and 1,097 BTC, respectively, completing the list of 14 sellers.
The overall selling recorded on-chain since the beginning of the year stood at 149,960 BTC. That leaves 41,713 BTC, or less than a third, for retail and other holders combined.
Miners therefore supplied the majority of the coins that reached the market.
Strong hands, however, continue to add Bitcoin even when market conditions remain less than favorable. Strive added 10,380 BTC over the last 30 days, lifting its holdings to 43,153 BTC. That ranks it seventh on the list of corporate holders.
Strategy added 2,364 BTC in the same period, pushing its total to 850,363 BTC. It remains the largest holder on the list by a wide margin. Its stack is nearly 20 times the size of Strive's holdings.
Strive's 30-day buying was still more than four times Strategy's.
American Bitcoin accumulated 425 BTC, bringing its holdings to 8,427 BTC and a 21st-place ranking.
Together, the three firms added 13,169 BTC in 30 days. The buying is smaller than the miners' selling, yet it shows steady conviction.
Exchange balances also hint at a slight shift in the overall atmosphere. Investors accumulated 28,978 BTC over the last two weeks. That is a modest change, but it suggests some buyers are stepping in at lower prices.
Bitcoin is not doing well at the moment, trading at $74,352.94 and sitting under the $75,000 level. The daily candle shows a 1.35% decline, and the Nov. 4 rebound faded before reaching $81,208.07.
Support sits at $72,294.02, followed by the $70,000 mark. Resistance stacks up at $76,479.43, $78,363.25 and $80,000.
The Golden Cross observed in mid-September may soon come to an end. The 50-day moving average is sliding toward the 200-day moving average. A crossover below would confirm the bearish shift if market conditions fail to change.
The Money Flow Index also shows prevailing bearish sentiment among investors. Selling momentum remains dominant, which supports the case for further decline.
A reclaim of $76,479.43 would be the first sign that buyers are regaining control.
For now, miners rather than retail holders supplied most of the 2026 selling. Treasury buyers continue to absorb coins, but price action says the market needs more demand.
No comments yet
