Bitcoin Miners Defy 52% Revenue Crash – Hoard 4,000 BTC Like Digital Gold

Bitcoin miners are playing the ultimate HODL game—clinging to 4,000 BTC despite revenues getting slashed in half. Who needs cash flow when you’re betting on a moon mission?

The Miner’s Gambit: While traditional investors panic-sell at the first sign of trouble, crypto’s backbone operators are doubling down. No fire sales here—just cold, calculated diamond hands.

Market Irony Alert: Wall Street would implode if any S&P 500 company shrugged off a 52% income drop. But in crypto? Just another Tuesday.

This isn’t just hodling—it’s a high-stakes power play. Miners clearly expect that when the next bull run hits, today’s depressed prices will look like a Black Friday bargain. Either that, or they’ve all gone full 'to-the-ground' maximalist.

• Bitcoin miners, including Satoshi-era holders, have sold very little of their holdings in 2025 despite revenue dropping to $34 million and hitting new lows.
• Instead of selling, miners have added 4,000 BTC to their reserves since April, supported by a 48% operating margin that allows them to stay profitable.

Bitcoin miners from the early days have surprised many with the decrease in the amount of BTC sold despite the fact that the price hit an all-time high. They’ve only sold about 150 BTC so far in 2025. These miners have been holding their coins for over a decade, and their decision to sell just a small amount shows their strong confidence in the future of Bitcoin.

These miners have even increased their holdings by 4,000 BTC since April, further emphasizing their bullish stance.

Bitcoin Miners Hold Firm Despite Falling Profits

According to a report by CryptoQuant, miners’ daily income has dropped to its lowest point within the last two months, falling to $34 million on the 22nd of June, its weakest point since April 20. The decline in miners’ income came from the general market slowdown and low user transaction fees. Basically, many users now see Bitcoin as a store of wealth rather than a form of payment. Thereby causing a huge decline in Bitcoin’s network activities and a reduction in profit for miners. This situation has made miners’ earnings hit their lowest point since July 2024.

Despite earning less, miners are still holding their Bitcoin. CryptoQuant explains that this is likely because they are still sitting on a 48% profit margin, which allows them to keep holding instead of cashing out.

The data also shows that Satoshi-era miners are also “hodl-ing strong, as they’ve rolled only 150 BTC so far in 2025, a sharp drop from nearly 10,000 BTC sold during 2024. This shows they are choosing to hold onto their coins despite market changes.