Publicly traded U.S. crypto mining companies significantly increased their bitcoin holdings in 2020, with the total reaching 92,473 BTC valued at $8.6 billion. MARA Holdings holds the largest amount, followed by MicroStrategy. The strategy of holding bitcoin for the long term, known as HODL, has gained popularity. Some miners have shifted focus to AI and high-performance computing, while others continue to hold bitcoin. Share prices of mining companies have generally underperformed bitcoin, but those that hold bitcoin have performed well in 2021.



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