MARA has almost 45,000 BTC, and is the company in this area with the largest reserves.
The increase in exposure is an indication of bullish expectations for the BTC price.
Companies dedicated to Bitcoin (BTC) mining and that are publicly traded have reached record levels of reserves of the currency created by Satoshi Nakamoto.
Currently they have among all these miners a figure of 92,473 BTCaccording to the Matrixport datawhich is equivalent to more than 8 billion dollars, at the time of this article.
The growth in these holding levels from January 2022 to the present can be seen in the following graph published by the aforementioned analysis site.
With the white line in the previous image, the growth of the price of bitcoin is graphed. Coinciding with the increase in the market value of BTC, these companies their bitcoin holdings rose. That is to say, as the price of bitcoin increased, miners decided, through purchase or production, to increase their BTC reserves.
This means not only that miners have decreased their sales over time, but that they are adopting this crypto asset as a store of value and a tool to preserve their capital and fight against fiat currency inflation. For example, average inflation rate in the United States in 2024 was estimated at 2.99%.
As the price of BTC rises, these companies would continue to see an increase in the value of their reserves.
Publicly traded miners with largest bitcoin holdings
At the time of this article, Marathon Digital Holdings (MARA) is the publicly traded Bitcoin mining company with the largest holdings of this currency: 44,893 BTC. It is also the company in this area with the highest market capitalization, with a figure close to 6 billion dollars.
Next, Riot Platforms (RIOT), Hut 8 (HUT) and CleanSpark (CLSK) reach reserves in bitcoin of around 18,000 BTC, 10,171 and 10,000, respectively.
Regarding Hut 8, the Canadian corporation, CriptoNoticias recently reported statements from its CEO, Asher Genoot. On December 17, the executive explained that they plan to increase their reserves in BTC, instead of maintaining cash reserves to invest in operations or other possible businesses.
In this way, as Bitcoin mining companies maintain and increase their exposure to this crypto asset, so do the bullish expectations for the price of BTC in 2025.