According to BlockBeats, JPMorgan stated in the report that MicroStrategy is not the only large corporate Bitcoin buyer; crypto mining companies are also beginning to adopt hoarding strategies. This shift is due to increased profit pressure, primarily stemming from the Bitcoin mining reward halving in April and the rise in network hash rates.
The report states, 'This may prompt miners to hoard Bitcoin or seek further investment in Bitcoin, or turn to artificial intelligence/high-performance computing (AI/HPC) businesses,' wrote analysts led by Nikolaos Panigirtzoglou. Mining companies like MARA Holdings have adopted a Bitcoin purchasing strategy similar to MicroStrategy in response to these challenges.
