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?
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ChainWanderingPoet
· 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.
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SellLowExpert
· 12-04 02:47
Wow, that move was incredible. Metaplanet actually bought up 30% of the supply—miners must be really frustrated.
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CryptoComedian
· 12-04 02:46
Laughing until crying—what is Metaplanet doing here, building a wall with a third of the daily output?
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?