While Bitcoin, which set its sights on its record of 69 thousand dollars in November 2021, once again managed to make a name for itself in the world financial markets, mining companies are selling BTC intensively.

According to the information shared by on-chain tracking company Glassnode, the number of BTC in the wallets of mining companies has decreased to the lowest level since July 2021. It decreased from 1.83 million units (October) to 1.812 million BTC.

They have recently turned to investment

It is known that mining companies buy new and more efficient machines with the BTCs they sell. Many companies signed agreements worth hundreds of millions of dollars with device manufacturers last year, to be delivered in mid-2024. New and effective Bitcoin mining devices are known for their faster and more powerful performance, as well as requiring less electricity.

Mining companies such as RIOT, Marathon and Cleanspark have recently purchased new machines from companies such as Bitmain and MicroBT and have signed agreements for the coming summer months.

After the Bitcoin halving, which is expected to take place in mid-April, the reward miners receive from the system will decrease from 6.25 BTC to 3,125 BTC per block.

Bitcoin surged more than 47% in February, surpassing December 2020 in terms of monthly gains, which was the last major increase in this regard.

It was published:

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Source: https://uzmancoin.com/halving-bitcoin-madencilik-mining/

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