Listed Bitcoin mining companies have sold more than 15,000 Bitcoins since October last year.
CoinFeed reported on March 6th, citing Cointelegraph, that publicly traded Bitcoin mining companies have sold off over 15,000 Bitcoins since October of last year. The EnergyMag's weekly mining newsletter points out that several large mining companies were major participants in this sell-off, including Cango, which sold approximately 60% of its holdings (4,451 Bitcoins) in February; Bitdeer, which liquidated its entire Bitcoin inventory in January; Riot Platforms, which made multiple sales in December; and Core Scientific, which planned to sell approximately 2,500 Bitcoins in the first quarter. MARA Holdings, the largest publicly traded mining company, stated in its latest regulatory filing that it may maintain flexibility and selectivity by buying and selling Bitcoin.