Bitcoin News Today: Riot Closes in on Metaplanet's 20,000 BTC Crown

Riot Platforms (Nasdaq: RIOT) added 22 BTC to its corporate treasury in August 2025, bringing its total Bitcoin holdings to 19,309 BTC as of the end of the month. The company also sold 450 BTC during the period, generating $51.8 million in net proceeds, according to its latest operations update [2]. The addition of 22 BTC brings Riot's holdings close to the 20,000 BTC threshold held by Japan's Metaplanet (3350.T), which recently surpassed Riot to become the sixth-largest Bitcoin corporate holder globally [1].

In August, Riot mined 477 BTC, a 48% increase compared to the same month in 2024 but a 2% decline from the 484 BTC mined in July 2025. The average daily production of 15.4 BTC in August was relatively stable compared to 15.6 BTC in July and significantly higher than the 10.4 BTC mined in August 2024. The slight monthly decline in mining output may reflect ongoing market volatility or strategic adjustments in operational capacity [2].

Riot's hashrate metrics also showed incremental progress. The company’s deployed hashrate rose to 36.4 EH/s in August from 35.5 EH/s in July, while the average operating hashrate increased to 31.4 EH/s. This growth supports Riot’s broader strategy to expand its Bitcoin mining footprint, particularly in energy-efficient regions such as Texas and Kentucky. These operations remain central to Riot’s strategy of aligning large-scale computing with grid-responsive power credits [2].

Power costs remained stable, with Riot reporting an all-in power cost of 2.6 cents per kWh, unchanged from August 2024 and 7% lower than July 2025. The company's power management initiatives continued to deliver value, with total power credits reaching $16.1 million and demand response credits adding $0.9 million in cost savings. These efficiencies help mitigate rising energy costs in the Bitcoin mining sector and support long-term profitability [2].

Meanwhile, Metaplanet, which announced plans to raise up to $884.41 million through an overseas equity offering, continues to expand its Bitcoin holdings. The company recently secured the sixth-largest corporate Bitcoin treasury position globally, surpassing Riot and other institutional holders. The offering is expected to fund further Bitcoin acquisitions, though the announcement did not result in a positive market reaction, with Metaplanet’s shares falling over 5% on September 1 [1].

Riot’s corporate treasury management remains a key focus as it seeks to balance mining operations with strategic asset accumulation and liquidity generation. The company’s recent sales have demonstrated a disciplined approach to managing Bitcoin holdings, aligning with broader market conditions and corporate liquidity needs. As the Bitcoin ecosystem continues to evolve, Riot’s operational and treasury strategies are expected to remain central to its competitive positioning in the mining sector [2].

Source:

[1] Eric Trump-linked firm becomes 6th largest Bitcoin holder (https://finance.yahoo.com/news/eric-trump-linked-firm-becomes-165341964.html)

[2] Riot mines 477 Bitcoin in August, down 2% from previous month (https://blockspace.media/insight/riot-mines-477-bitcoin-in-august-down-2-from-previous-month/)