Top 5 Bitcoin Miners Are Not Selling Bitcoin Due to Halving

According to BlockBeats, on April 17, Bitcoin halving is imminent, but the top five Bitcoin mining companies did not sell Bitcoin. According to a report by Bitwise on April 10, the total amount of Bitcoin sold by the top five mining companies fell to about 2,000 in the first quarter of 2024, reaching the lowest level in two years. Currently, global Bitcoin miners hold more than 700,000 Bitcoins, accounting for 3.4% of the total supply of Bitcoin. 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 has the largest Bitcoin production, with a cost price of $22,249 per Bitcoin. It produced more than 2,500 Bitcoins in the first quarter of 2024, but this figure is lower than more than 4,000 Bitcoins in the fourth quarter of 2023.