JPMorgan: Crypto Miners Are Adopting the Same Bitcoin Buying Strategy as MicroStrategy

This article is machine translated
Show original
On December 13, JPMorgan reported that MicroStrategy is not the only large corporate bitcoin buyer, as crypto mining companies have also started to adopt a hoarding strategy. This shift is due to increased profitability pressures, primarily stemming from the April bitcoin mining reward halving and the rise in network hash rate. The report further stated that "this may prompt miners to hoard bitcoin or seek further bitcoin investments, or pivot to artificial intelligence/high-performance computing (AI/HPC) businesses," wrote the analysts led by Nikolaos Panigirtzoglou. Miners like MARA Holdings have already adopted a bitcoin purchase strategy similar to MicroStrategy in addressing these challenges. (CoinDesk)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments