Bitcoin Miners Eye Increased BTC Sales to Fund Operations
Bitcoin Miners Eye Increased BTC Sales to Fund Operations
Marathon Digital Holdings, a prominent Bitcoin miner, has revealed a new policy to sell a portion of its newly mined Bitcoin (BTC) to cover operational expenses. This strategic shift, announced after a record-breaking quarter, signals a potential increase in selling pressure from mining entities on the Bitcoin market.
Marathon’s third-quarter filing carried a quiet but definitive policy change, in which the company stated that it will now sell a portion of newly mined Bitcoin (BTC) to fund its operations. The shift occurred as MARA held approximately 52,850 BTC on Sept. 30, paid around $0.04 per kilowatt-hour at its owned sites, and recorded a […]
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