Keel Infrastructure Dumps Bitcoin Reserve to Adopt Daily Sales Model
Photo: The Currency Analytics
Community Trust Score Verified 91 % Real Verified 35 votes Updated 1 minute ago Keel Infrastructure, the Nasdaq-listed miner formerly known as Bitfarms, sold its entire 2,261-coin Bitcoin reserve in the quarter ended Sept. 30. The company will now sell every coin it mines on the same day. Including 259 newly mined coins, total sales reached 2,520 BTC . These transactions raised $192 million at an average price of approximately $76,200 per coin. Keel noted sales occurred “during periods of strength,” though its income statement recorded a $32 million realized loss.
Source: The Currency Analytics
