According to IntoTheBlock, Bitcoin miners have sold more than 30,000 BTC (about $2 billion) since June, the fastest in more than a year.

It is possible that the recent halving has led to a decline in profits, triggering the sell-off. QCP also said that Miner BTC holdings have dropped to the lowest level in the past 14 years.

🇫🇮 In Finland, homes will be heated using mining

Marathon Digital has opened a 2 MW data center in the Satakunta region. The thermal energy will be used to heat water for the heating of approximately eleven thousand local residents' homes. Company representatives stated that they see the project as important for expanding the use of mining for household consumers.

"We are not just producing digital assets; we are also heating homes, and we believe that such innovations can promote the development of the digital asset computing industry, strengthening our leading position," Marathon Digital stated.

During a discussion with the Bitcoin podcast host Robin Seyr, Michael Saylor stated that Bitcoin could be called the perfect payment instrument and the future of the financial system. According to him, from an economic perspective, everything that existed before Bitcoin became obsolete after its appearance.

Previously, MicroStrategy, one of the largest publicly known holders of Bitcoin in the world, informed the U.S. Securities and Exchange Commission (SEC) about the acquisition of an additional 11,931 BTC for $786 million.
#btc #whale