Bitcoin miners could boost corporate adoption as crypto treasury buys slow
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Bitcoin miners Marathon Digital Holdings, Riot Platforms and Hut 8 are already in the top ten largest public companies holding Bitcoin.
Bitcoin miners, which can acquire the cryptocurrency at below-market costs, could be in the best position to shape corporate adoption as accumulation by crypto treasury companies slows, says BitcoinTreasuries.NET.
Bitcoin (BTC) treasury companies are projected to buy 40,000 BTC in the fourth quarter, the lowest since Q3 2024, BitcoinTreasuries.NET President Pete Rizzo said in a corporate adoption report released on Thursday.
Despite the slowdown, Rizzo said Bitcoin mining companies continue to “anchor public‑market Bitcoin holdings” and accounted for 5% of new additions and 12% of aggregate public company balances in November.
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