According to BlockBeats, despite the impending Bitcoin halving, the top five Bitcoin mining companies have not sold their Bitcoin. A report by Bitwise on April 10 revealed that the total number of Bitcoins sold by the top five mining companies in the first quarter of 2024 dropped to about 2000, reaching a two-year low. Currently, Bitcoin miners worldwide hold over 700,000 Bitcoins, accounting for 3.4% of the total Bitcoin supply.
The last time the top five mining companies sold less than 2000 Bitcoins was in the first quarter of 2022. In contrast, in the fourth quarter of 2023, these companies collectively sold over 7000 Bitcoins. Among the top five mining companies, Marathon Digital produced the most Bitcoins, with each costing $22,249. The company produced over 2500 Bitcoins in the first quarter of 2024, a figure lower than the over 4000 Bitcoins produced in the fourth quarter of 2023.
