Instead of selling bitcoin to raise money, firms like Marathon Digital Holdings Inc are selling bitcoin call options to wring money out of their holdings, turning to a yield-generating strategy deployed throughout conventional finance.
HONG KONG: Bitcoin miners are deploying their own version of “yield farming,” the often-discussed cryptocurrency money-making strategy, but with an old-school twist.
Publicly traded miners very much embrace the HODL, or “hold on for dear life,” mantra, hoarding tokens to make their stock more appealing to investors seeking exposure to bitcoin’s gains.
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