MARKETS DAILY: Crypto Update | Why Are Bitcoin Miners Rushing to Add Bitcoin to Their Bags?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 September 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie.
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CoinDesk's Jennifer Sanasie discusses the wave of bitcoin miners adopting Michael Saylor's strategy of accumulating BTC from the open market. Plus, what that means for bitcoin as a long-term investment and digital commodity.
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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.7 | It's Tuesday, September 17th, and this is Markets Daily hosted by me, Jen Sanassi. On this show, we navigate |
| 0:55.7 | the current shaping the crypto markets, providing insights against the broader financial |
| 0:59.6 | landscape. So whether you're actively trading or simply fascinated by the volatility that is |
| 1:05.1 | the crypto markets, this show is your compass to understanding what's happened, where we are, and where |
| 1:10.6 | we are going. |
| 1:12.0 | Good morning, everyone. Happy Tuesday. Today we're talking about a company that recently adopted |
| 1:17.7 | Micro Strategies' playbook of buying Bitcoin on the open market. What company is that, you might |
| 1:23.3 | ask? Cathedral Bitcoin announced that it will pivot away from Bitcoin mining to providing general |
| 1:29.2 | data center services and buying Bitcoin on the open market. The soon-to-be former miners cited |
| 1:34.6 | unpredictable profit margins as the cause for the shift. Here's the scoop. They've decided to take |
| 1:40.5 | a page out of the micro strategy playbook by purchasing Bitcoin directly. |
| 1:45.1 | Now, for those who are unfamiliar with what's happening over at Micro Strategy, former CEO |
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