The media said that Bitmain holds more than one million BCHs. What are the bears thinking about holding shares in Bitmain?

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2018-08-14 16:40 (UTC+8)

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It is said that the cold winter is coming, and it may be too late to throw it away now.

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It is said that the cold winter is coming, and it may be too late to throw it away now.

CNN to reportto report

Data from the BCH "Rich List"showshow

, the number of BCH currently held by Bitmain is between 664,000 and 1.33 million.While accumulating BCH, Bitmain appears to be methodically liquidating its Bitcoin (BTC) holdings.

Since the beginning of this year, the cryptocurrency market is facing a cold winter. The price of BCH has fallen sharply whether compared to the US dollar or BTC. Since Jan. 1, the BCH/BTC exchange rate has dropped roughly 50%, from 0.18 to around 0.09. Considering the current cryptocurrency market situation, it is unlikely that Bitmain will liquidate its BCH assets now.

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Previously Odaily hadto report, Bitmain is preparing to go public, and may launch an IPO of up to US$19 billion in September this year. It is reported that the market value of Bitmain may reach nearly 50 billion US dollars at that time, or become one of the largest IPO projects in history. otherwiseto reportto report

If the current bear market doesn't turn around before the company files to go public, the stake in BCH could affect Bitmain's profit figures, which may lead some potential investors to stay on the sidelines.

(I am Mo Xinnan, the author of Odaily. I am exploring the real blockchain. If you are looking for reports on high-quality blockchain projects, please add WeChat: 16601131135. Please note your name, company, and position.)