🌀Cryptocurrency miners are increasingly adopting a strategy similar to MicroStrategy, accumulating Bitcoin while raising funds through bonds and stocks instead of selling their reserves. This approach is driven by declining profitability due to halving events and growing competition.
🌀MARA, the largest miner after MicroStrategy, holds 40,000 BTC (worth $4 billion). Riot Platforms and Hut 8 are also actively raising capital: Riot secured $500 million to purchase 5,117 BTC, while Hut 8 plans to raise up to $500 million.
🌀With the launch of exchange-traded funds (ETFs), miners have attracted over $10 billion in equity capital in 2024, surpassing the record set in 2021. Investors remain confident in the prospects of Bitcoin and mining companies.