Summary
- It was diagnosed that Bitcoin miners in 2024 have adopted a holding strategy.
- It was reported that especially listed mining companies are not selling held BTC due to expectations of further price increases.
- Some U.S. mining companies are proceeding with business diversification by purchasing additional BTC after raising funds.
According to Cointelegraph, a cryptocurrency-focused media outlet, a report jointly published by cryptocurrency mining platform NiceHash and Bitcoin (BTC) mining company Digital Mining Solutions on the 7th (local time) states that "in 2024, Bitcoin miners are adopting a strategy of holding or not selling the majority of newly mined quantities." The report noted, "This trend is particularly prominent among publicly listed mining companies," adding, "They are refraining from selling held BTC due to expectations of further price increases and to strengthen their balance sheets." Additionally, it mentioned, "Companies such as Marathon Holdings, Riot Platforms, and Hut8 have raised funds through convertible bonds to purchase additional BTC," and added, "Among U.S. mining companies, diversifying businesses into high-performance computing and artificial intelligence (AI) computing is becoming a trend." 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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