Lendn Executive: Bitcoin Mining Companies Should Hold the Bitcoin They Mine
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John Glover, Chief Investment Officer of Bitcoin lending company Ledn, stated that Bitcoin mining companies should hold onto the Bitcoin they mine and use it as collateral for fiat loans to cover operational expenses, rather than selling the Bitcoin and losing the potential upside of an asset that miners expect to surge in price. Glover mentioned that holding BTC offers many benefits, including price appreciation, tax deferral, and earning additional income by lending out the BTC held in company bonds.
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