Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in strategy.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Strive CEO Matt Cole says firm will sell Bitcoin if beneficial for shareholders
Strive's flexible Bitcoin strategy highlights the balance between shareholder value and cryptocurrency volatility, impacting inves...
CHART: Value of Tesla’s BTC holdings have fallen by two-thirds
Tesla became one of the early firms to embrace BTC, adding it to its balance sheet in 2021; however, it all but abandoned this ini...
Bitcoin’s $10 billion credit market keeps growing after its first major selloff
Bitcoin’s more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin cal...
Bitdeer stock jumps 14% as company expands US mining hardware production
Bitdeer shares rallied after the company announced a $36 million Nevada manufacturing facility that will produce its SEALMINER Bit...
Marathon Digital Holdings gains 14% after announcing $600M Texas AI and Bitcoin mining campus plan
Marathon's strategic pivot to AI and HPC could stabilize revenue streams, reducing reliance on Bitcoin's volatility and enhancing...
Ethics Deadlock Threatens Senate Crypto Bill Despite July Vote Target
A merged Senate draft of the Digital Asset Market Clarity Act could be released as early as next week, with a floor vote targeted...