Major U.S. Mining Companies Reduce Bitcoin Holdings

According to Odaily, Bruce, the founder of MSX, shared insights on X regarding the recent actions of major U.S. publicly traded mining companies. He noted that several leading firms, including Mara, Cleanspak, and Riot, have reduced their Bitcoin holdings. Bruce remarked that such a move is relatively uncommon, as traditionally, miners' selling pressure does not significantly impact Bitcoin's price. However, he acknowledged that this reduction in holdings reflects a form of consensus, given that Bitcoin's price tends to fluctuate around its perceived value.