Bitcoin miners should pay costs in depreciating currency — Ledn exec
Summary
Bitcoin mining firms are advised to hold mined Bitcoin and use it as collateral for fiat loans to cover operating expenses, rather than selling it. This strategy is supported by John Glover, chief investment officer at Ledn, who highlights benefits such as price appreciation, tax deferment, and potential revenue from lending BTC. The mining industry faces increased competition and capital costs, exacerbated by US trade tariffs that may raise equipment prices. In March 2025, miners sold over 40% of their mined supply, marking a significant liquidation and reversing a trend from the previous year. This sell-off is attributed to macroeconomic uncertainty and fears of rising costs due to ongoing trade tensions.
