Strategy's $2.57B BTC Buy Counters Miners' 32K Q1 Sell-Off as Riot Revenue Beats

Strategy's $2.57 billion Bitcoin purchase signals robust institutional demand, offsetting over 32,000 BTC sold by public miners in Q1 2026 amid hashrate dips to 1,004 EH/s. Earlier, Cango sold 2,000 BTC ($143M) to cut costs to $68,216/BTC, Riot offloaded 500 BTC to NYDIG and reduced holdings to 15,679 BTC ($1.209B), while Bitdeer dumped 186 BTC under its zero-treasury policy. Riot reported $167.2M Q1 revenue (beating $130.79M estimates), with $33.2M from data centers driving shares up 20% above $19, as BTC trades near $78,700.