Due to the "Trump effect", some BTC mining companies have begun to follow MicroStrategy to increase their BTC reserves

Odaily Planet Daily News Some BTC miners, such as Mara and Riot, are now following MicroStrategy in increasing their BTC reserves. MicroStrategy is a software company that has transformed into a BTC buyer and has been at the forefront of using long-term convertible bonds for BTC issuance. Miners also commit to using BTC as a reserve asset for their company's finances, increasing their BTC reserves, and retaining all the new BTC they mine. Mara CEO Fred Thiel said, 'The 'Trump Effect' has actually given us more motivation to continue investing in the United States.' Their business model now is to 'accumulate as much BTC as possible.' They now hold nearly 45,000 BTC, worth over $4.4 billion. Hut 8 CEO Asher Genoot believes his company is an 'energy infrastructure' group, with BTC as the financial foundation of its balance sheet. In the past two months, the industry has used approximately 1.8 billion dollars of the funds raised to purchase BTC. (FT)