Bitcoin is now just past the midpoint of its current halving cycle ahead of the 2028 supply cut, while miners continue to face shrinking block rewards.
MARA Holdings said they sold 15,133 Bitcoin for approximately $1.1 billion between March 4 and March 25 to fund the repurchase of its 0.00% convertible senior notes.
Two major Bitcoin miners, MARA Holdings and Core Scientific, are shifting strategies to sell portions of their bitcoin holdings as they pivot toward AI and high-performance computing operations.
Bitdeer has fully liquidated its corporate bitcoin treasury — selling all newly mined and reserve BTC over eight weeks, including 943.1 BTC in a single week.
Bitmain, the Chinese manufacturer behind many of the world’s Bitcoin miners, has been under US national security scrutiny for potential espionage or sabotage risks, including in Trump family-backed ventures, though the company denies any wrongdoing.