PANews|Mar 06, 2026 02:53
[Publicly Listed Bitcoin Mining Companies Have Sold Over 15,000 Bitcoins Since Last October]
According to Cointelegraph, publicly listed Bitcoin mining companies have sold more than 15,000 Bitcoins since last October. TheEnergyMag's Mining Weekly Newsletter pointed out that several large mining companies were the main participants in this wave of sales. For instance, Cango sold approximately 60% of its holdings, or 4,451 Bitcoins, in February; Bitdeer liquidated its entire Bitcoin inventory in January; Riot Platforms conducted multiple sales in December; and Core Scientific plans to sell approximately 2,500 Bitcoins in the first quarter.
The largest publicly listed mining company, MARA Holdings, stated in its latest regulatory filing that it may buy and sell Bitcoin to maintain flexibility and optionality. This statement has drawn market attention, but the company's vice president clarified that the filing allows for flexible sales and does not imply a liquidation of most holdings. MARA currently holds over 53,000 Bitcoins, making it the second-largest Bitcoin holder among publicly listed companies, after Strategy. Analysts believe that as profit margins narrow and debt pressures increase, mining companies are being forced to reassess the previously common strategy of holding onto their Bitcoin.
Previously, Bloomberg reported that the AI boom has prompted Bitcoin mining companies, collectively holding over $8 billion worth of Bitcoin, to consider transformation, raising concerns about market sell-offs.
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