Bitcoin Miners More Important as Bitcoin Treasurys Ease Buys – Crypto News

Bitcoin miners, which can acquire the cryptocurrency at below-market costs, could be in the best position to shape corporate adoption as accumulation by crypto treasury companies slows, says BitcoinTreasuries.NET.

Bitcoin (BTC) treasury companies are projected to buy 40,000 BTC in the fourth quarter, the lowest since Q3 2024, BitcoinTreasuries.NET President Pete Rizzo said in a corporate adoption report released on Thursday.

Despite the slowdown, Rizzo said Bitcoin mining companies continue to “anchor public‑market Bitcoin holdings” and accounted for 5% of new additions and 12% of aggregate public company balances in November.

“Because miners can acquire BTC at an effective discount to spot markets via block production, their balance sheets may become increasingly important in supporting corporate adoption, especially if other treasuries pause or slow purchases,” he said.

Miners already among top Bitcoin holders

On average, miners generate about 900 Bitcoin per day, according to Bitbo and MARA Holdings has the second largest Bitcoin stash among public companies, with a stash of 53,250 Bitcoin.

Riot Platforms is the seventh largest public Bitcoin holder, with 19,324, while Hut 8 Mining is ninth with 13,696.