JPMorgan: Mining companies are adopting the same BTC acquisition strategy as MicroStrategy

According to ChainCatcher, in a report on Wednesday, JPMorgan (JPM) stated that MicroStrategy (MSTR), a software company founded by Michael Saylor, is not the only enterprise that has purchased BTC on a large scale. Cryptocurrency mining companies are also adopting accumulation strategies. The reason for turning to increase holdings of BTC is the increasing profit pressure, which is due to the halving of rewards in April and the increase in network hash rate. Hash rate is the total computing power used for mining and processing transactions on proof-of-work blockchain, and it represents industry competition and mining difficulty.

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9830622vip
· 2024-12-13 10:46
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