The total amount of Bitcoin held by public mining companies has reached a record 60,000 BTC. This massive accumulation, valued at approximately $3.7 billion, underscores the strong confidence these companies have in Bitcoin's future growth potential.
Data from TheMinerMag shows that as of September 30, 2024, ten companies collectively held 60,878 BTC, signaling a significant milestone for public mining entities.
Marathon Digital, a prominent name in the industry, leads the lineup, holding 44% of the total BTC, reflecting its dominant position and strategic foresight.
The shift of Bitcoin from exchanges to miners' reserves could impact supply dynamics, demonstrating these companies' long-term strategy of value appreciation.
This accumulation trend suggests that public miners expect substantial future gains and are strategically positioning themselves accordingly.
