Public Miners Start Selling Bitcoin Treasuries

The below is an excerpt from a current edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be among the first to get these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Core Scientific Sells 7,202 BTCOn July 5, 2022, Core Scientific, the worlds third-largest publicly traded bitcoin miner by market cap ($525.52 million) announced in its June monthly upgrade the sale of 78.6% of its bitcoin holdings. When investing in bitcoin miner companies or infrastructure, you are investing for the next hash price bull market– the “gold rush” phase of the bitcoin market cycle.

The below is an excerpt from a current edition of Bitcoin Magazine Pro, Bitcoin Magazines premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis directly to your inbox, subscribe now.Core Scientific Sells 7,202 BTCOn July 5, 2022, Core Scientific, the worlds third-largest openly traded bitcoin miner by market cap ($525.52 million) announced in its June monthly update the sale of 78.6% of its bitcoin holdings. When investing in bitcoin miner business or facilities, you are investing for the next hash cost bull market– the “gold rush” stage of the bitcoin market cycle.