#Bitcoin Miners Resume Holding Strategy#

Core Scientific, a Bitcoin mining company, appears to be shifting away from its all-out liquidation strategy after two years, moving towards a partial holding strategy. The company sold only 27% of its self-mined Bitcoin in December, holding onto the remaining 73%. This marks the first time since November 2022, when the company faced financial difficulties, that it has not liquidated all of its mined assets. This shift could be linked to the rebound in Bitcoin prices and the company's exit from bankruptcy protection in early 2024. While Core Scientific's hashrate declined in December, its adjusted Bitcoin holding strategy suggests that Bitcoin miners are re-evaluating their business models and may start holding more Bitcoin instead of selling it all. This trend could have a positive impact on Bitcoin prices, as miners holding Bitcoin would reduce the supply in the market, potentially pushing prices higher. However, it remains unclear whether Core Scientific's holding strategy will become an industry trend, and it is necessary to observe the actions of other mining companies.