{"id":6607,"date":"2025-01-08T09:33:58","date_gmt":"2025-01-08T09:33:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6607"},"modified":"2025-01-08T09:33:58","modified_gmt":"2025-01-08T09:33:58","slug":"us-bitcoin-miners-hoard-apex-crypto-to-shield-against-rising-expenses-mara-riot-replicate-microstrategys-playbook","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6607","title":{"rendered":"US Bitcoin Miners Hoard Apex Crypto To Shield Against Rising Expenses \u2014 MARA, Riot Replicate MicroStrategy&#8217;s Playbook"},"content":{"rendered":"<div>\n<p>Leading <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) miners in the U.S. are accumulating BTC as a buffer against growing competition and narrowing profit margins.<\/p>\n<p><strong>What Happened<\/strong>: Firms including\u00a0<strong>MARA Holdings Inc<\/strong>. (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MARA#NASDAQ\">MARA<\/a>),\u00a0<strong><strong>Riot Platforms Inc<\/strong><\/strong>. (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>), and\u00a0<strong><strong>CleanSpark Inc<\/strong><\/strong>. (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CLSK#NASDAQ\">CLSK<\/a>) have leveraged Bitcoin\u2019s soaring price,\u00a0which hit $100,000 last month,\u00a0to raise over $3.7 billion since November, according to a Financial Times <a href=\"https:\/\/www.ft.com\/content\/0cfbe43c-7c2a-40bf-8bb7-92f58a9d2389\">report <\/a>on Monday.<\/p>\n<p>These funds have been utilized to fund Bitcoin purchases, often raised through <a href=\"https:\/\/www.benzinga.com\/24\/12\/42387102\/mara-holdings-raises-850-million-in-0-convertible-notes-offering-a-40-premium-over-current-share-price\">zero or near-zero coupon convertible notes.<\/a><\/p>\n<p>Following in the footsteps of MicroStrategy, MARA, the world\u2019s biggest Bitcoin mining company, has pivoted toward a <a href=\"https:\/\/www.benzinga.com\/pressreleases\/24\/07\/g39955751\/mara-purchases-100-million-of-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">buy-and-hold strategy<\/a>, retaining all Bitcoin it mines and periodically making strategic open-market purchases.<\/p>\n<p>Miners such as CleanSpark have also chosen to <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/12\/42558246\/cleanspark-is-outpacing-bitcoin-mining-peers-wednesday-whats-going-on\">retain the majority of the Bitcoin mined<\/a> in recent months.<\/p>\n<p>On-chain data also reflected the behavioral shift. The number of Bitcoins &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42867736\/us-bitcoin-miners-hoard-apex-crypto-to-shield-against-rising-expenses-mara-riot-replicate-\" alt=\"US\" bitcoin miners hoard apex crypto to shield against rising expenses mara riot replicate microstrategy playbook>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading Bitcoin (CRYPTO: BTC) miners in the U.S. are accumulating BTC as a buffer against growing competition and narrowing profit margins. What Happened: Firms including\u00a0MARA Holdings Inc. (NASDAQ:MARA),\u00a0Riot Platforms Inc. (NASDAQ:RIOT), and\u00a0CleanSpark Inc. (NASDAQ:CLSK) have leveraged Bitcoin\u2019s soaring price,\u00a0which hit $100,000 last month,\u00a0to raise over $3.7 billion since November, according to a Financial Times report [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6607","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6607"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6607\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}