#Bitcoin Miners Resume Holding Strategy#

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Overview

After two years of a full liquidation strategy, Bitcoin mining company Core Scientific began to restore some of its holding strategy in December, selling only 27% of its self-mined Bitcoin and holding approximately 254 BTC, worth about $26 million. This suggests that the company may be gradually reducing its liquidation strategy and starting to accumulate Bitcoin. It is worth noting that Core Scientific's hashrate continued to decline in December, which may be related to the company adjusting its mining strategy.

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Analysis

Core Scientific, a Bitcoin mining company, appears to be recovering some of its holding strategy after two years of complete liquidation. The company sold only 27% of its self-mined Bitcoin in December, after previously maintaining zero Bitcoin holdings. This suggests that the company may be adjusting its strategy and no longer fully liquidating all of its output assets. While Core Scientific's hashrate continued to decline in December, its Bitcoin holdings increased, with an estimated 254 BTC held by the end of 2024, worth approximately $26 million. This shift may be related to the rebound in Bitcoin prices and the mining companies' optimistic outlook on the future market. However, it remains to be seen whether Core Scientific's holding strategy will continue and whether other mining companies will follow suit.

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Core Scientific resumes partial bitcoin holding strategy, no longer liquidating all mined bitcoin.

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Core Scientific sold 27% of its self-mined bitcoin in December, holding the remaining 73%.

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Core Scientific had zero bitcoin holdings after falling into financial distress in November 2022, until it began to resume holdings in December 2024.

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Core Scientific's realized bitcoin hashrate continued to decline in December 2024, but its change in holding strategy may indicate an increased confidence in the future price of bitcoin.

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