Mining companies are holding BTC mined in September

Mining companies are holding BTC mined in September

Large mining pools are pursuing a hold strategy in the renewed bull market.

But against the backdrop of rising BTC prices, mining companies again switched to the HODL strategy. They do not sell mined coins and expect new price records. 

Riot Blockhain said that at the end of September its supply of coins was 3,534 Bitcoin, having increased by 406 BTC over the month. 

Riot competitor, Marathon Digital Holdings, reported 7,035 bitcoins to its balance, having mined 340.6 coins last month. In August, the company had 6,695 bitcoins. 

Canadian Hut 8 Mining Corp joined the trend of accumulating BTC, and reported that all of its mined coins for the first autumn month were transferred to the reserve, in accordance with the strategy of storing mined crypto assets. 

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