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<p>Public Bitcoin miners just sold 9,788 BTC.

And they’re NOT DONE.

They still hold at least 83,029 BTC based on last disclosed filings. 

The real number is likely much higher.

That creates a potential BTC supply overhang this year.

But as public miners convert sites to AI/HPC, it means: 

- Fewer new machines
- More modest hashrate expansion

Pressure on price in the short term, but bullish long term 🚀</p>

Public Bitcoin miners just sold 9,788 BTC.
And they’re NOT DONE.
They still hold at least 83,029 BTC based on last disclosed filings. 
The real number is likely much higher.
That creates a potential BTC supply overhang this year.
But as public miners convert sites to AI/HPC, it means: 
- Fewer new machines
- More modest hashrate expansion
Pressure on price in the short term, but bullish long term 🚀

Public Bitcoin miners just sold 9,788 BTC. And they’re NOT DONE. They still hold at least 83,029 BTC based on last disclosed filings. The real number is likely much higher. That creates a potential BTC supply overhang this year. But as public miners convert sites to AI/HPC, it means: - Fewer new machines - More modest hashrate expansion Pressure on price in the short term, but bullish long term 🚀

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