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Publicly traded Bitcoin mining companies have sold 15,000 Bitcoins since October, amounting to approximately $1.05 billion.
Deep Tide TechFlow News, March 6 — According to Cointelegraph, since October last year, publicly traded Bitcoin mining companies have sold over 15,000 Bitcoins, worth approximately $1.05 billion.
Cango sold 4,451 Bitcoins in February, accounting for about 60% of its reserves; Bitdeer reportedly liquidated all of its Bitcoin reserves last month; Riot Platforms sold Bitcoin multiple times in December; Core Scientific plans to sell about 2,500 Bitcoins in the first quarter. As the largest publicly traded Bitcoin miner, MARA Holdings’ updated regulatory filings indicate it may buy and sell Bitcoin to maintain flexibility. The company currently holds over 53,000 Bitcoins, making it the second-largest Bitcoin holder after Strategy.