Publicly Traded US Cryptocurrency Miners Double HODL of Bitcoin (BTC) to Nearly 100K in One Year

Publicly traded US cryptocurrency mining companies doubled their holdings of bitcoin (BTC) last year, bringing the total to 92,473 worth $8.6 billion as of the end of December, while the price of the largest cryptocurrency rose 120%, according to data from TheMiningMag.

The largest amount, approximately half of the total amount, is retained Mara Holding (MARA) With 44,893 Bitcoin. MARA has the second-largest inventory among publicly listed companies, surpassed only by MicroStrategy (MSTR) at 450,000 BTC.

Strategy for investing in Bitcoin and holding it for the long term, Known as HODL After a typo that occurred more than a decade ago Its popularity grew In the last 12 months.

Three other miners own more than 10,000 BTC: Riot Platforms (RIOT) with 17,722 BTC, Hut 8 (HUT) with 10,171 BTC, and CleanSpark (CLSK) with 10,097 BTC, according to Bitcoin Treasuries.

Not all miners subscribe to the HODL playbook. IREN (IREN), TeraWulf (WULF), and Core Scientific (CORZ) all hold very little or none of Bitcoin. Due to the competitive nature of business, these companies have focused on artificial intelligence (AI) and High performance computing Industries (HPC).

Stock prices have not matched Bitcoin’s path. Overall, miners have underperformed Bitcoin and other cryptocurrency-related stocks, such as MicroStrategy. Outstanding performers Core Scientific and Terawulf, with their new focus on AI, have delivered returns of more than 300%.

However, this year, HODL bitcoin miners have benefited strongly, with RIOT, HUT, and CLSK all outperforming bitcoin. Only Bitdeer (BTDR) has generated negative returns, having seen a strong performance in 2024.