Bitmain may hold one of the biggest stashes of Bitcoin Cash (BCH), more than the forked reward of Satoshi Nakamoto, the founder of Bitcoin. The data revealed that Bitmain may have special interest in the first and most contentious Bitcoin fork.
https://twitter.com/kerooke/status/1029207921391849472
The question is - what is the rationale of Bitmain behind the large BCH wallet. The funds were accrued by various means. Those included early mining when the crypto community noticed that Bitmain was possibly solving most blocks, even when the network was less profitable. Additionally, Bitmain sold some of the Antminer S9 rigs for BCH, at the time when the price of BCH was above $1,000. The third way that Bitmain got hold of more BCH was by selling Bitcoins.
The decision of Bitmain to hold onto its stash has raised reactions ranging from derision to guesswork what the intentions of the company really are. The announce...
This article appeared first on Cryptovest