Leading Bitcoin miners sold more tokens in October than they could get

in privatesale •  last year  (edited)

Some of the companies sell all their mined Bitcoins every month. Others use a hybrid strategy. Such companies liquidated more in October than in previous months.

On the wave of optimism around the expected approval of the spot Bitcoin ETF, the price of Bitcoin rose to $ 35,200, which is 115% higher than since the beginning of the year.

Another possible reason why manufacturers decided to sell more Bitcoins is the upcoming halving. It is scheduled to take place in April 2024.

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last year by

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