The post The Bitcoin Mining Race: Who’s Hoarding the Most BTC appeared on BitcoinEthereumNews.com.

Major Bitcoin miners like MARA and RIOT are hoarding BTC, likely preparing for future profitability and network competition. Petrobras, a Brazilian oil giant, is exploring Bitcoin mining and blockchain applications, signaling energy firms’ growing interest in crypto. In the Bitcoin space, one trend is becoming increasingly clear: big miners are hoarding an incredible amount of BTC. Some might think, “Shouldn’t miners be selling their hard-earned coin?” But just look at the latest data. As of February 8, 2025, Marathon Digital Holdings (MARA) leads the pack with 45,659 BTC, followed by Riot Platforms (RIOT) with 18,221 BTC, CleanSpark (CLSK) with 10,556 BTC, and Hut 8 Corp (HUT) with 10,208 BTC. HIVE, BitFu, Canaan, and a few others have fewer than 3,000 BTC meanwhile. Publicly traded Bitcoin miners 👇 $BTC HODL as of 2/8/2025$MARA $HUT $CLSK $HIVE $CIFR $BTBT $BITF $DMGI $IREN $CAN $CBIT $ANY $CORZ $SDIG $ARBK $WULF $MIGI $GREE $BTDR $GRDI $SLNH pic.twitter.com/Mabxa7aAXk — HODL15Capital 🇺🇸 (@HODL15Capital) February 9, 2025 Miners Hold BTC: Strategy or Speculation? This behavior amply illustrates the lack of urgency miners have to sell their coins. They might be getting ready for the next halving that would lower the block reward, or they could view Bitcoin as an asset that would keep appreciating in value. Storing Bitcoin can be a tactic to maximize future earnings given growing competition and costly running expenses. Still, that’s not everything! Certain analysts contend that these companies are waiting for the ideal momentum to sell. Instead of releasing BTC at a low price, they chose to hoard and hope that the value of Bitcoin will increase in the coming few months or years. Who is the Most Aggressive? Based on the available data, Marathon Digital Holdings seems to be the most active BTC accumulator. Owning more than 45,000 BTC, they even…

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Filed under: News - @ February 10, 2025 10:25 am