#Bitcoin Miners Resume Holding Strategy#
Hot Topic Overview
Overview
After nearly two years of a full liquidation strategy, Bitcoin mining company Core Scientific began adjusting its strategy in December, selling only 27% of its self-mined Bitcoin and resuming a partial holding strategy. This indicates that the company, after improving its financial condition, is beginning to reconsider the value of holding Bitcoin. While Core Scientific's hashrate declined in December, its shift in Bitcoin holding strategy may signal a gradual return to holding strategies among Bitcoin miners, which is a positive sign for the Bitcoin market.
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, after previously maintaining zero Bitcoin holdings. This suggests that Core Scientific may be adjusting its strategy, no longer completely liquidating all of its output assets, but instead starting to accumulate some Bitcoin. While the company's hashrate declined in December, its Bitcoin holdings are now worth $26 million, indicating that it is gradually restoring its holding strategy and may further increase its Bitcoin holdings in the future. This trend also reflects the overall recovery of the Bitcoin market and the optimistic expectations of miners for the future price of Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Core Scientific resumes some holding strategy, no longer liquidating all mined Bitcoin.
Core Scientific sold 27% of its self-mined Bitcoin in December, holding about 254 BTC.
Core Scientific's hashrate continued to decline in December, but installed hashrate capacity decreased.
Core Scientific resumed some holding strategy after exiting bankruptcy protection in early 2024.