Bitcoin Miners Embrace MicroStrategy Playbook: The Rise Of BTC Yield Strategies
Posted On December 12, 2024
It seems Bitcoin (CRYPTO: BTC) miners have found their muse—and it’s none other than MicroStrategy Inc (NASDAQ:MSTR).
JPMorgan’s Nikolaos Panigirtzoglou reveals that miners are mimicking the tech company’s aggressive bitcoin accumulation strategy as they navigate a landscape of dwindling mining rewards and rising competition.
The result? A shift in how these digital prospectors approach profitability.
MicroStrategy, led by Bitcoin evangelist Michael Saylor, helped start the corporate trend of turning cash flow and leverage into a Bitcoin treasure trove. Now, miners like MARA Holdings Inc (NASDAQ:MARA) are joining the game with their own twist: a ‘BTC Yield’ strategy designed to grow their bitcoin holdings per share.