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. 

Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies

You May Also Like

4632018-07-31

Mining company CEO disappears with $35 million

According to Newsweek, Le Minh Tam, the CEO of Vietnamese cryptocurrency mining startup Sky Mining, disappeared on July 26, taking with him $35 million in client investments.

Mining, Events
4152018-11-19

Can mining be considered a volunteer activity?

Delaware-based OsiaNetwork recently asked the Federal Election Commission (FEC) whether cryptocurrency mining pools that mine funds to support political campaigns are legal.

Mining

Latest articles from Mining category