Tether, Coinbase and Block continue buying Bitcoin, while several publicly traded miners are selling their reserves to fund their shift toward artificial intelligence. Tether says it now holds about 150,000 BTC, worth more than $12 billion, after acquiring roughly 50,000 BTC compared with its third-quarter 2026 balance sheet. Coinbase has increased its holdings to more than 18,000 BTC, while Block raised its reserves to 9,237 BTC after adding 120 BTC in the third quarter. Conversely, Riot Platforms has sold 20,264 BTC since the start of the year and now holds only 2,418 BTC, while Hut 8 has sold 3,102 BTC since July, mainly to finance $250 million in share buybacks. Hut 8’s subsidiary American Bitcoin nevertheless increased its reserves by about 425 BTC, bringing its total to 8,427 BTC.
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