Miners hold bitcoin amid price surge

According to recent data from TradingView and the Glassnode portal, mining companies are gradually increasing their bitcoin reserves. While miners’ total holdings were about 1.79 million BTC in April, this number rose to 1.797 million coins by mid-May — an increase of roughly 2,700 BTC or 0.15%.

From selling to holding: what has changed in miners’ strategy

Previously, miners regularly sold their mined coins to cover ongoing costs such as electricity and equipment maintenance. However, with bitcoin’s price hovering around $100,000, the situation is shifting — miners are increasingly opting to hold onto their assets rather than selling quickly.

This behavioral shift coincided with a nearly 20% surge in BTC’s price and a signal from the Hash Ribbon indicator, which is considered a favorable buying moment.

Key benefits of the miners’ new approach

The accumulation strategy offers miners several important advantages:

• The potential to gain extra profit from further price increases
• Deferred tax payments thanks to holding cryptocurrency
• The ability to use bitcoin as collateral for fiat loans
• Reduced risk of losses from market volatility
• Decreased selling pressure helping to stabilize prices

John Glover, investment director at Ledn, points out that miners can now fund operational costs using BTC-backed loans without having to sell coins. This approach helps preserve growth potential while minimizing tax liabilities, especially relevant in a bullish market environment.

How bitcoin accumulation affects the crypto market

If this trend continues, it could strengthen bitcoin’s role as digital gold and enhance its market stability. Miners shifting from active selling to holding may become key players influencing price dynamics.

However, CoinShares experts warn that smaller mining companies face serious challenges: high equipment and electricity costs combined with declining profitability are turning mining into a risky business, threatening the survival of many.

Thus, the change in miners’ strategy reflects a more balanced approach to asset management, opening new opportunities for market stability while simultaneously creating challenges for smaller participants in the crypto industry.