Miners prioritize BTC accumulation amid changes: Miners have altered their approach by accumulating Bitcoin (BTC) rather than selling. With the block reward halving raising difficulty for smaller firms, MAJOR players like MARA Holdings have acquired around 35,000 BTC, valued at approximately 3.5 billion USD.
Institutional investments drive funding strategies: The recent approval of spot Bitcoin ETFs in the U.S. Has attracted institutional investors, prompting miners to adjust their funding methods. In 2023, the mining sector raised over 10 billion USD in equity, surpassing 9.5 billion USD in 2021.