Crypto Miners Hoarding Bitcoins as Price Surges Above $55,000 — CoinDesk

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Adding to the pattern, on Oct. 4, Canadian Hut 8 Mining Corp. additionally reported that each one of its self-mined bitcoins have been deposited into custody, which is according to the corporate’s technique to “hodl” its mined digital foreign money. “We are thrilled with our current amount of bitcoin held in reserve as well as being ahead of schedule on our commitment to the market to have over 5,000 self-mined bitcoin by end of Q4,” mentioned Jaime Leverton, CEO of Hut 8, in an announcement.