In March, listed mining companies sold more than 40% of their newly extracted bitcoin, marking the largest monthly liquidation since October 2024. This trend broken with the accumulation strategy observed after the last Halving.
Bitcoin mining companies liquidate their reservations in the face of economic uncertainty
The data collected by TheMinemag from 15 mining companies reveal that in March 2025, these companies sold more than 40 % of the bitcoins they have extracted.
This massive sale represents a radical change compared to the accumulation strategy adopted after the last Halving.
The minors, who traditionally retained part of their production as a strategic reserve, are now forced to liquidate their assets.
This tendency is mainly explained by financial imperatives. Faced with growing operational costs and fierce competition, these companies use their Bitcoin reserves to fill their budget deficits.
The market reacted to this selling pressure: according to Coinglass, Bitcoin has recorded A drop of 2.3 % in March, after a greater correction of 17.39 % the previous month.
Cleanspark is one of the companies having officially announced a change of strategy, now opting for a “self -funded” model which involves regular sale of their mined bitcoins.
The impact of trade tensions on the American mining industry
The mining industry faces a particularly hostile macroeconomic environment, especially in the United States. The pricing policies announced by President Donald Trump constitute a serious threat to the profitability of the sector.
Kristian CSEPCSAR, marketing director at Brains, underlines the impossibility of locally producing all the components necessary for mining. Customs duties, which could reach 24 %, will significantly increase the cost of imported equipment and inter -company services.
According to Jaran Mellerud, CEO of Hashlabs, this situation could advantage operators based outside the United States. He said on X:
Importing machines in the United States will now cost at least 24 % more than in countries without customs duties like Finland.
He even predicts that Bitcoin's mining in the United States could become economically impracticable if these prices are fully applied.
The massive sale of bitcoins by minors illustrates the structural challenges that the industry faces. If this trend continues, it could lead to a significant geographic redistribution of the world's mining power, weakening the dominant position of the United States in this strategic sector.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
