Bloomberg (Crypto)
April 3, 2026 8:44 PM UTC

AI Boom Spurs Bitcoin-Sales Threat at Miners Holding $8 Billion

For years, the largest Bitcoin miners operated on an article of faith as much as a business model: that the coins they minted were worth holding, that scarcity would reward patience, and that the balance sheet accumulation of digital currency was itself a kind of competitive moat. Some of them built stashes worth hundreds of millions of dollars. They called it a treasury strategy. Bulls called it conviction.

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