Upcoming Bitcoin Halving to Impact Crypto Miners and Major Holders

The upcoming Bitcoin halving in April 2024 will impact crypto miners and companies with large Bitcoin holdings like MicroStrategy (MSTR). Their revenues/valuations may decrease.

MicroStrategy (MSTR) owns a large amount of Bitcoin, equivalent to 1% of total bitcoins in circulation. This makes the stock price vulnerable if Bitcoin prices fall.

Crypto miner Argo Blockchain (ARBK) has seen a recent drop in Bitcoin mining output and mining income. This will likely get worse after the halving.

Iris Energy (IREN) has also had decreasing Bitcoin production recently. Unlike some peers, it has no Bitcoin holdings to offset mining revenue declines.

Other crypto miners like Riot Blockchain (RIOT) and Marathon Digital (MARA) hold significant Bitcoin reserves. This may help them weather the halving better than IREN.