Hive doubles down on BTC hodl strategy amid miner equity dilution, debt reliance

A long-term BTC treasury strategy can help miners avoid becoming reliant on debt or stock dilution to fund their operations, said Darcy Daubaras.

Data center infrastructure provider Hive Digital is doubling down on its long-term Bitcoin treasury strategy and is using the recent market sell-off to expand its mining capacity and acquisition targets, signaling a growing shift among public miners to retain their mined assets. 

In an interview with Cointelegraph, Hive Digital’s chief financial officer, Darcy Daubaras, said the company remains focused on “retaining a significant portion of its mined Bitcoin to benefit from potential price appreciation.” 

This requires an active approach to treasury management to optimize liquidity in the face of steep market corrections, such as Bitcoin’s (BTC) recent 30% drop. However, a long-term Bitcoin hodl strategy is better than “[relying] more on debt or equity dilution for funding,” which is common in the mining industry, said Daubaras.

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