Public mining firms sold over 40% of their BTC in March

Public mining firms sold over 40% of their BTC in March — Report

Publicly listed Bitcoin miners sold over 40% of the collective coins mined in March, representing the largest monthly BTC BTC - $103013.822 liquidation for mining firms since October 2024 and reversing the post-halving trend of accumulating Bitcoin BTC BTC - $103013.822 for a corporate treasury strategy, according to TheMinerMag, which screened data from 15 publicly traded mining companies.The increased liquidations come amid widespread macroeconomic uncertainty in financial markets and the business sector, likely signaling that companies are selling their BTC BTC - $103013.822 to reduce shortfalls caused by the current economic climate. Mining firms offloading BTC BTC - $103013.822 to cover operational expenses contributes to selling pressure on the cryptocurrency, which can result in a price volatility.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-04-16 20:45:04 GMT.

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Price & Market Data

Price: $103013.822

Volume 24h: $57,589,234,235.32

Market Cap: $2,046,122,954,621.56

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,862,590. The last known price of Bitcoin is 103,044.94872178 USD and is up 0.40 over the last 24 hours. It is currently trading on 12062 active market(s) with $57,747,035,193.11 traded over the last 24 hours. More information can be found at https://bitcoin.org/.