#Bitcoin Miners Resume Holding Strategy#

Core Scientific, a Bitcoin mining company, appears to be reverting to a partial holding strategy after two years of a complete liquidation strategy. The company sold only 27% of its self-mined Bitcoin in December, after previously maintaining zero Bitcoin holdings. This shift suggests that Core Scientific may be seeking to hedge against market volatility and profit in the long term by holding some Bitcoin. While the company still sold 79 Bitcoin in December, its holdings have increased from zero to approximately 254, worth about $26 million at current prices. Notably, Core Scientific's hashrate continued to decline in December, which may be related to the company's adjusted operational strategy. Nevertheless, Core Scientific's resumption of a partial holding strategy reflects a cautious optimism among Bitcoin miners about the market outlook and a renewed emphasis on holding Bitcoin as a long-term investment.