Do you know how many new bitcoins are generated on the Bitcoin network each day? The answer is around 450.



Miners around the world are competing with their hash power and electricity costs for these 450 BTC, but Metaplanet is taking it a step further—they're directly buying on the secondary market, with their average daily purchases accounting for more than 30% (32.4%) of the total new daily supply.

What would happen if they keep buying like this? The mining output is fixed, but with institutions absorbing so much demand, could the supply and demand balance quietly shift?
BTC-3.08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
ChainWanderingPoetvip
· 12-04 02:52
Bro, Metaplanet's move is really ruthless. They directly ate up more than 30% of the daily output; the miners must be feeling so hopeless.
View OriginalReply0
SellLowExpertvip
· 12-04 02:47
Wow, that move was incredible. Metaplanet actually bought up 30% of the supply—miners must be really frustrated.
View OriginalReply0
CryptoComedianvip
· 12-04 02:46
Laughing until crying—what is Metaplanet doing here, building a wall with a third of the daily output?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)