#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
After two years of a complete liquidation strategy, Bitcoin mining company Core Scientific began to restore some of its holding strategy in December, selling only 27% of its self-mined Bitcoin and holding approximately 254 BTC, worth about $26 million. Previously, the company had maintained zero Bitcoin holdings after falling into financial distress in November 2022. This shift indicates that miners are starting to reconsider their holding strategies as Bitcoin prices rebound, aiming to benefit from long-term value. However, Core Scientific's hashrate continued to decline in December, suggesting that it still faces cost pressures and market competition challenges.
Ace Hot Topic Analysis
Analysis
Core Scientific, a Bitcoin mining company, appears to be recovering some of its holding strategy after nearly two years of complete liquidation. The company sold only 27% of its self-mined Bitcoin in December, while the remaining 73% was retained. This marks the first time since November 2022, when Core Scientific faced financial difficulties, that it has not liquidated all of its output assets. While the company still reported no digital assets on its balance sheet in the third quarter of 2024, the 254 Bitcoin it held in December, worth approximately $26 million at current prices, indicates that it is gradually recovering its holding strategy. This shift may be due to the rebound in Bitcoin prices and the improvement in Core Scientific's financial condition after exiting bankruptcy protection in early 2024. However, it is worth noting that Core Scientific's hashrate continued to decline in December, indicating that it is still facing cost pressures. Whether Core Scientific will continue its holding strategy in the future, and the specific details of its holding strategy, remain to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific resumes partial holding strategy, no longer liquidating all mined Bitcoin.
Core Scientific sold 27% of its self-mined Bitcoin in December 2024, holding approximately 254 BTC.
Core Scientific may continue to hold some Bitcoin in the future, rather than completely liquidating.
Core Scientific's hashrate continued to decline in December 2024, but its change in Bitcoin holding strategy may indicate an optimistic outlook on the future price of Bitcoin.