#Bitcoin Miners Resume Holding Strategy#

Core Scientific, a Bitcoin mining company, sold only 27% of its self-mined Bitcoin in December, suggesting that the company may be at least partially restoring its holding strategy after two years of complete liquidation. Previously, Core Scientific had maintained zero Bitcoin holdings and implemented a full liquidation strategy after facing financial difficulties in November 2022. However, the company began selling less than 100% of its monthly Bitcoin output in November, marking the first time in two years that it did not liquidate all of its produced assets. As of the end of 2024, Core estimates holding approximately 254 BTC, worth about $26 million at the current Bitcoin price. This move indicates that Bitcoin miners may be re-evaluating their holding strategies and starting to hold some Bitcoin as long-term assets rather than immediately selling them for cash. This could be due to the rebound in Bitcoin prices and miners' optimistic outlook on the future market. However, Core Scientific's hashrate continued to decline in December, indicating that the company is still facing pressure to control costs and maintain profitability. Whether Core Scientific will continue to hold Bitcoin in the future and whether other miners will follow suit remains to be seen.