#mining-economics
#mining-economics

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These Two Bitcoin Miners Are Getting Ready To Sell Bitcoin

Marathon Digital Holdings shifted its bitcoin strategy to permit sales from its balance sheet reserves, departing from its traditional 'never sell' approach to mining proceeds.

Cryptocurrency

fromBitcoin Magazine

3 weeks ago

Bitcoin Price Surges 8% To $69,000 As Crypto Market Rallies

Bitcoin surged over 7% above $69,000 after trading below miner production costs, with technical signals indicating exhaustion in the recent drawdown and potential price stabilization.

fromBitcoin Magazine

3 weeks ago

Bitdeer ($BTDR) Sells All Bitcoin After Eight-Week Drawdown

In its latest weekly production update, the Singapore-based miner disclosed that it produced 189.8 BTC during the period and sold the entire amount. It also offloaded its remaining 943.1 BTC in reserves in a single week, wiping out its balance sheet holdings. The move marks a sharp break from the traditional public miner strategy of accumulating bitcoin as a treasury asset. With the liquidation, Bitdeer becomes the largest publicly traded miner by self-mining hashrate to hold no bitcoin on its balance sheet.

Cryptocurrency

#bitcoin

from24/7 Wall St.

1 month ago