Bitcoin mining company IREN co-founder reduces holdings to cash out $66 million as stock price hits new high

ChainCatcher news, according to TheMinerMag, Bitcoin mining company IREN's co-founder and co-CEO Roberts brothers sold 1 million shares each, totaling $66 million, as the company's stock price broke $33 and hit a new high.

After the reduction, both still hold approximately 13.99 million shares each, accounting for about 6% of IREN's outstanding shares. This is their second large-scale reduction in nearly two years, having each sold 1 million shares when the stock price was around $5 in December 2023.