Leading Bitcoin (CRYPTO: BTC) miners in the U.S. are accumulating BTC as a buffer against growing competition and narrowing profit margins.
What Happened: Firms including MARA Holdings Inc. (NASDAQ:MARA), Riot Platforms Inc. (NASDAQ:RIOT), and CleanSpark Inc. (NASDAQ:CLSK) have leveraged Bitcoin's soaring price, which hit $100,000 last month, to raise over $3.7 billion since November, according to a Financial Times report on Monday.
These funds have been utilized to fund Bitcoin purchases, often raised through zero or near-zero coupon convertible notes.
Following in the footsteps of MicroStrategy, MARA, the world's biggest Bitcoin mining company, has pivoted toward a buy-and-hold strategy, retaining all Bitcoin it mines and periodically making strategic open-market purchases.
Miners such as CleanSpark have also chosen to retain the majority of the Bitcoin mined in recent months.
On-chain data also reflected the behavioral shift. The number of Bitcoins transferred from miner wallets to exchanges fell sharply in the last quarter, coinciding with the cryptocurrency's uptrend, according to blockchain analytics firm CryptoQuant.
Source: CryptoQuant MARA was the second-largest corporate holder of Bitcoin, with a stash of 44,893 BTCs, worth $4.3 billion, with Riot bagging the third spot with 17,722 BTCs valued at $1.69 billion, according to bitcointreasuries.net.
See Also: Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin's Sister Coin NEIRO Plunges 3% After Sale
Why It Matters: This strategy is a significant shift in the industry's perspective, which has been grappling for the past eight months after the reward for mining Bitcoin halved.
Donald Trump's pledge that Bitcoin would be "mined, minted, and made in the U.S." has ignited enthusiasm, with MARA CEO Fred Thiel attributing recent momentum to the supportive stance of the president-elect.
The rush to purchase more Bitcoin is also a defensive tactic against potential financial pressure from high electricity costs.
Mining costs are on the rise. A report by leading investment firm CoinShares estimated the average cost to produce one Bitcoin in the third quarter of 2024 at $55,950, indicating a 13% increase quarter over quarter. One Bitcoin was trading at $95,995.51 as of this writing.
Additionally, hash rate, the computation power required to solve complex puzzles and create new Bitcoins, hit a new all-time high last week, threatening to drive up expenses even more.
Price Action: Shares of MARA closed 7.20% lower at $19.07 on Tuesday, while RIOT stock fell 3.72% to $12.41. CleanSpark shares closed down 6.30% at $10.71, according to data from Benzinga Pro.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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美國領先的比特幣(數字貨幣:BTC)礦工正在積累比特幣,以應對日益增長的競爭和利潤空間的收窄。
發生了什麼:包括MARA控股公司(納斯達克:MARA)、Riot Platforms Inc.(納斯達克:RIOT)和CleanSpark Inc.(納斯達克:CLSK)在內的公司利用比特幣飆升的價格,自去年11月以來籌集了超過37億,根據《金融時報》週一的報道。
這些資金已被用來購買比特幣,通常通過零或接近零的可轉換票據籌集。
繼MicroStrategy的做法之後,MARA作爲世界上最大的比特幣礦業公司,已經轉向買入持有策略,保留所有挖礦獲得的比特幣,並定期進行戰略性的公開市場購買。
像CleanSpark這樣的礦工也選擇保留最近幾個月挖掘的大部分比特幣。
鏈上數據也反映了這種行爲變化。根據區塊鏈分析公司CryptoQuant的報告,礦工錢包中轉移到交易所的比特幣數量在上個季度急劇下降,與數字貨幣的上升趨勢相一致。
來源:CryptoQuant MARA是第二大比特幣企業持有者,持有44,893個比特幣,價值43億,Riot排名第三,持有17,722個比特幣,價值16.9億,數據來自bitcointreasuries.net。
另請參見:以太幣聯合創始人維塔利克·布特林出售近百萬美元的memecoins以支持慈善事業——狗狗幣的姐妹幣NEIRO在出售後下跌3%。
爲什麼這很重要:這種策略是行業視角的重大轉變,過去八個月來,一直在應對比特幣減半帶來的挑戰。
特朗普承諾比特幣將在美國"開採、鑄造並製作",點燃了熱情,MARA首席執行官Fred Thiel將近期的勢頭歸因於當選總統的支持立場。
急於購買更多比特幣也是針對高電力成本可能帶來的財務壓力的一種防禦策略。
挖礦成本正在上升。領先投資公司CoinShares的一份報告估計,2024年第三季度生產一個比特幣的平均成本爲55,950美元,顯示出環比增加13%。截至撰寫本文時,一個比特幣的交易價格爲95,995.51美元。
此外,所需的計算能力(挖礦難度和創造新比特幣的計算能力)在上週達到了新的歷史最高點,這威脅着進一步推高費用。
價格動態:根據Benzinga Pro的數據,MARA的股價在週二收盤下跌7.20%,報19.07美元,而Riot股票下跌3.72%,至12.41美元。CleanSpark的股票收盤下跌6.30%,報10.71美元。
- 特朗普的格林蘭賭注:Kalshi 賭徒認爲他在此日期之前達成交易的機會爲21%
免責聲明:此內容部分由Benzinga Neuro生成,並由Benzinga編輯審核和發佈。
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