PANews reported on April 17 that according to Cointelegraph, the Bitwise report showed that although the Bitcoin halving is imminent, the top five Bitcoin mining companies did not sell Bitcoin. In the first quarter of 2024, the total amount of Bitcoin sold by the top five mining companies fell to about 2,000, reaching the lowest level in two years.
Currently, Bitcoin miners around the world hold more than 700,000 Bitcoins, accounting for 3.4% of the total Bitcoin supply. The last time the top five mining companies sold less than 2,000 Bitcoins was in the first quarter of 2022. In contrast, in the fourth quarter of 2023, the top five mining companies sold more than 7,000 Bitcoins in total.
Among the top five mining companies, Marathon Digital produced the most Bitcoin, with a cost price of $22,249 per coin. It produced more than 2,500 Bitcoins in the first quarter of 2024, but this figure is lower than the more than 4,000 Bitcoins in the fourth quarter of 2023.
