... 2022–2023, many of them accumulated Bitcoin on their balance sheets, anticipating a price increase. However, in 2024, the trend has shifted: as the halving approached, public miners began actively selling portions of their coins to strengthen their financial standing and invest in upgrades. The post-halving period has only amplified this trend – as noted, the liquidation of BTC reserves among public miners has accelerated amid dwindling profitability. This was confirmed by financial reports: for ...