Bitcoin (BTC) 
$62,401 Mining revenues dropped sharply after the block reward halving in April 2024. While daily revenues decreased from 70 million dollars to 31 million dollars, it is noteworthy that the shares of mining companies remained stable despite this situation. Despite lagging Bitcoin’s price performance, these stocks have shown more resilience than expected and are showing signs of recovery as yields near bottom.
Mining Revenues Decline, Shares Stable
Block reward halvingAfter 2018, there was a serious decrease in revenues from Bitcoin mining. However, according to Matrixport, despite this development, the stocks of mining companies showed a strong stance, performing above market expectations. According to analysts, the strategic moves of the companies lie behind this situation.
Many mining companies prefer to hold on to their Bitcoin inventory rather than selling it on exchanges. In this way, while the selling pressure on the stock exchanges decreases, the price of the largest cryptocurrency is also supported. In the long term, this strategy offers mining companies the opportunity to both benefit from price increases and make leveraged transactions over their BTC inventories.
Especially MicroStrategy Companies such as are among those making huge profits by holding on to Bitcoin assets rather than selling them. These moves contribute to the strengthening of mining companies’ stocks in the long term rather than short-term fluctuations.
Future Opportunities and Prospects
According to Matrixport mining revenuesWith the price approaching its bottom point, the potential for recovery in the shares of mining companies is quite high. This indicates that new opportunities may arise for investors in the Bitcoin mining industry in the future.
All these developments show that the sector is shaped not only by instant performances but also by long-term strategies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
