Reported 1 day ago
According to JPMorgan, crypto miners are mirroring MicroStrategy's bitcoin acquisition strategies as they face profitability challenges due to an upcoming reward halving and increased network hashrate. Notable miners, including MARA Holdings, have significantly invested in bitcoin and now rank among top corporate holders. Additionally, the incorporation of spot bitcoin ETFs in the U.S. has offered institutional investors a new method to acquire bitcoin, while miners have opted to fund operations through debt and equity rather than liquidating their bitcoin assets.
Source: YAHOO