Panic Selling ? | Big Crypto Miner Sells Off Its Bitcoin

Core Scientific Inc., a top crypto miner, sold the bulk of its Bitcoin holdings in June as a steep drop in digital assets squeezes finances for even the leaders of the industry.

Core Scientific sold 7,202 mined coins for $167 million last month, leading to a 79% drop in Bitcoin holdings on its balance sheet, according to the company’s monthly update. The Austin, Texas-based company now holds 1,959 coins.


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https://www.bloomberg.com/news/articles/2022-07-05/crypto-mining-giant-dumped-most-of-its-bitcoin-holdings-in-june