π¨π¦ Canadian Bitcoin miner Cathedra Bitcoin completely changes strategy after seven years of mining BTC.
The company is stopping BTC mining to follow MicroStrategy's strategy: acquiring as much Bitcoin as possible on the open market.
Mining has not delivered enough value to shareholders over the past three years, executives say.
βMeanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, including MicroStrategy, and have been rewarded by the stock markets.β
Bitcoin Treasuries data shows that the company currently holds 23 Bitcoin, worth $2 .5 million, making it the 45th largest corporate Bitcoin holder.
https://x.com/cathedrabitc...
The company is stopping BTC mining to follow MicroStrategy's strategy: acquiring as much Bitcoin as possible on the open market.
Mining has not delivered enough value to shareholders over the past three years, executives say.
βMeanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, including MicroStrategy, and have been rewarded by the stock markets.β
Bitcoin Treasuries data shows that the company currently holds 23 Bitcoin, worth $2 .5 million, making it the 45th largest corporate Bitcoin holder.
https://x.com/cathedrabitc...
3 months ago
