The post Bitcoin Miners Dumped 40% of Their Mined BTC in March appeared on BitcoinEthereumNews.com.

This means that miners shifted from accumulation to liquidation strategies due to rising operational costs and geopolitical uncertainty. On the other hand, Brazilian fintech Meliuz is doubling down on Bitcoin, and proposed to make BTC its primary strategic asset. Meanwhile, speculation is mounting that a US government acquisition of 1 million BTC, as part of President Trump’s Strategic Bitcoin Reserve plan, could send Bitcoin’s price to $1 million per coin. This could be a turning point in global Bitcoin adoption and monetary policy. Economic Turmoil Force Miners to Sell Off Bitcoin Publicly listed Bitcoin mining companies sold over 40% of the BTC they mined in March, which was the largest monthly liquidation since October of 2024. This mass sell-off signals a major shift in strategy for these firms, who previously focused on accumulating Bitcoin for their treasuries, especially after the last halving event. According to TheMinerMag, the change in behavior is mainly attributed to the challenging macroeconomic climate and increasing operational costs. Monthly miner liquidations (Source: TheMinerMag) Because of heightened financial uncertainty, mining firms are offloading big portions of their Bitcoin holdings to cover rising expenses and maintain liquidity. This trend added noticeable selling pressure on the market, and even contributed to a 2.3% drop in Bitcoin’s price during March. This followed a steep 17.39% correction in February. The situation is being compounded by growing trade tensions and the economic ramifications of US tariff policies under President Donald Trump. These policies led to more expensive supply chains and rising input costs for miners, especially for energy and specialized hardware components. Kristian Csepcsar, the chief marketing officer at Braiins, explained that producing all necessary mining equipment in the US is unfeasible and that Trump’s proposed energy tariffs will only further erode miner profitability. Jaran Mellerud, CEO of Hashlabs, warned that the…

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Filed under: News - @ April 17, 2025 5:28 am