{"id":57053,"date":"2025-12-12T09:16:22","date_gmt":"2025-12-12T02:16:22","guid":{"rendered":"https:\/\/hbbgroup.net\/bitcoin-miners-could-boost-corporate-adoption-as-crypto-treasury-buys-slow\/"},"modified":"2025-12-12T09:16:22","modified_gmt":"2025-12-12T02:16:22","slug":"bitcoin-miners-could-boost-corporate-adoption-as-crypto-treasury-buys-slow","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitcoin-miners-could-boost-corporate-adoption-as-crypto-treasury-buys-slow\/","title":{"rendered":"Bitcoin miners could boost corporate adoption as crypto treasury buys slow"},"content":{"rendered":"<div data-v-ae253174>\n<p data-ct-non-breakable=\"undefined\">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.<\/p>\n<p>Bitcoin (<a href=\"http:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) treasury companies are projected to buy 40,000 BTC in the fourth quarter, the lowest since Q3 2024, BitcoinTreasuries.NET President Pete Rizzo <a href=\"https:\/\/blog.bitcointreasuries.net\/balance-sheet-losses-hit-60-of-corporate-bitcoin-treasuries-full-analysis\/\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> in a corporate adoption report released on Thursday.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-treasuries-stall-q4-biggest-companies-buying\">Despite the slowdown<\/a>, Rizzo said <a href=\"https:\/\/cointelegraph.com\/learn\/articles\/how-to-mine-bitcoin-a-beginners-guide-to-mine-btc\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/learn\/articles\/how-to-mine-bitcoin-a-beginners-guide-to-mine-btc\">Bitcoin mining companies<\/a> continue to \u201canchor public\u2011market Bitcoin holdings\u201d and accounted for 5% of new additions and 12% of aggregate public company balances in November.<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cBecause 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,\u201d he said.<\/p>\n<h2>Miners already among top Bitcoin holders<\/h2>\n<p>On average, miners generate about 900 Bitcoin per day, <a href=\"https:\/\/bitbo.io\/how-many-bitcoin\/#:~:text=How%20Many%20Bitcoins%20Are%20Mined,new%20bitcoins%20mined%20per%20day.\" rel=\"noopener nofollow\" target=\"_blank\">according<\/a> to Bitbo and <a href=\"https:\/\/cointelegraph.com\/news\/mara-plans-1b-convertible-note-offering-to-fuel-bitcoin-strategy\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/mara-plans-1b-convertible-note-offering-to-fuel-bitcoin-strategy\">MARA Holdings has the second largest Bitcoin<\/a> stash among public companies, with a stash of 53,250 Bitcoin.<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-12\/019b1030-2d25-7c78-9b0f-37068a973fe2\" title><figcaption><em>Source: <\/em><a href=\"https:\/\/blog.bitcointreasuries.net\/balance-sheet-losses-hit-60-of-corporate-bitcoin-treasuries-full-analysis\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/blog.bitcointreasuries.net\/balance-sheet-losses-hit-60-of-corporate-bitcoin-treasuries-full-analysis\/\"><em>BitcoinTreasuries.NET<\/em><\/a><\/figcaption><\/figure>\n<p>Riot Platforms is the seventh largest public Bitcoin holder, with 19,324, while <a href=\"https:\/\/cointelegraph.com\/news\/mara-hut-8-profits-q3-bitcoin-reserves-grow\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/mara-hut-8-profits-q3-bitcoin-reserves-grow\">Hut 8 Mining<\/a> is ninth with 13,696.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18304599\"><\/template><\/p>\n<p data-ct-non-breakable=\"undefined\">Rizzo said that the \u201csummer buying frenzy\u201d from crypto treasury companies has eased, but \u201cdemand has not vanished.\u201d<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cPublic corporations appear to be normalizing to a slower, more selective cadence as they digest recent purchases and reassess risk,\u201d he added.<\/p>\n<h2>November a stress test for treasury companies<\/h2>\n<p>In November, Bitcoin\u2019s <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-drawdown-us-government-ai-bubble-crypto-analyst\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-drawdown-us-government-ai-bubble-crypto-analyst\">price sank below $90,000<\/a> for the first time since April, which created one of the first true stress tests for the Bitcoin capital markets era, Rizzo said.<\/p>\n<p data-ct-non-breakable=\"undefined\">Roughly 65% of buyers purchased Bitcoin above current market prices and now have unrealized losses.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/businesses-absorbing-btc-4x-faster-mined?utm_source=chatgpt.com\"><em><strong>Businesses are absorbing Bitcoin 4x faster than it is mined: Report<\/strong><\/em><\/a><\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cBitcoin\u2019s late\u2011November drawdown pushed spot prices toward $90,000, dragging many 2025 buyers into the red. For the 100 companies where cost basis could be measurable, about two\u2011thirds now sit on unrealized losses at current prices,\u201d he said.<\/p>\n<blockquote><p>\u201cThis does not yet point to widespread distress, but it does force risk committees and boards to confront the downside of averaging into elevated prices and relying on long-term upside to validate treasury decisions.\u201d<\/p><\/blockquote>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/benjamin-wallace-mysterious-mr-nakamoto-review\/\"><em><strong>Mysterious Mr Nakamoto author \u2014 Finding Satoshi would hurt Bitcoin<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" label=\"Subscription Form: Crypto Biz Newsletter\"><\/template><\/div>","protected":false},"excerpt":{"rendered":"<p>Bitcoin miners, which can acquire the cryptocurrency at below-market costs, could be in the best position to shape corporate adoption [&hellip;]<\/p>","protected":false},"author":5,"featured_media":57056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-57053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/57053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=57053"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/57053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/57056"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=57053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=57053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=57053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}