October 19, 2021

Mining companies hold BTC mined in September

Mining companies hold BTC mined in September

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

But Against the background of the growth in the price of BTC, mining companies again switched to the HODL strategy. They do not sell mined coins and expect new price records.

Riot Blockhain said it had a supply of 3,534 bitcoins at the end of September, an increase of 406 BTC over the month.

Riot's rival, Marathon Digital Holdings, posted 7,035 bitcoins on its balance sheet, mining 340.6 coins last month. The company had 6,695 bitcoins in August.

The MTC accumulation trend was joined byCanadian Hut 8 Mining Corp, and announced that all of its mined coins in the first month of autumn were transferred to the reserve, in accordance with the strategy of storing the mined cryptoassets.

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