--- title: Bitcoin Miners Urged to Hold BTC and Use as Loan Collateral Amid Rising Pressures canonical: https://mining-provider.com/bitcoin-miners-urged-to-hold-btc-and-use-as-loan-collateral-amid-rising-pressures/ author: Mining Provider Editorial Staff published: 2025-05-04 updated: 2025-05-04 language: en category: News description: Industry expert John Glover advises Bitcoin miners to hold BTC and use it as loan collateral amid rising costs, despite a record 40% sell-off in March 2025. source: Provimedia GmbH --- # Bitcoin Miners Urged to Hold BTC and Use as Loan Collateral Amid Rising Pressures > **Autor:** Mining Provider Editorial Staff | **Veröffentlicht:** 2025-05-04 **Zusammenfassung:** Industry expert John Glover advises Bitcoin miners to hold BTC and use it as loan collateral amid rising costs, despite a record 40% sell-off in March 2025. --- ## Bitcoin Miners Advised to Hold BTC Amid Industry Pressures John Glover, Chief Investment Officer at the Bitcoin lending firm Ledn, has recommended that Bitcoin mining companies should retain their mined BTC rather than selling it. According to Glover, miners can use their Bitcoin as collateral for fiat loans to cover operational expenses, instead of liquidating their holdings and missing out on potential future gains. He emphasized that holding onto BTC offers several advantages, including the possibility of price appreciation, tax deferral, and the opportunity to generate additional income by lending out BTC held in company treasuries. Glover compared this credit-based approach to strategies employed by companies like Strategy, which issue both debt and equity to finance Bitcoin acquisitions. These companies aim to benefit from the differing principles underlying BTC and traditional fiat currencies, in which corporate values are denominated. He argued that Bitcoin-backed loans could serve as a crucial lifeline for miners operating in an increasingly competitive sector, which is under pressure due to ongoing trade tensions and macroeconomic uncertainty, particularly those triggered by the protectionist trade policies of the Trump administration. The Bitcoin mining industry is characterized by intense competition and high capital costs, which continue to rise as more powerful computing resources are required to mine blocks and secure the network. The broad tariffs imposed by US President Trump have further impacted this already competitive sector, raising concerns that import duties could push the cost of mining hardware, such as application-specific integrated circuits (ASICs), to unsustainable levels. Amid heightened macroeconomic uncertainty and fears that ongoing trade tensions could lead to widespread price increases, mining companies collectively sold over 40% of their BTC output in March 2025. According to TheMinerMag, this 40% sell-off marked a reversal of the trend that began after the April 2024 halving and represented the highest monthly BTC liquidation by miners since October 2024. | Key Data | Value | | BTC sold by miners (March 2025) | Over 40% of output | | Highest monthly BTC liquidation since | October 2024 | | Halving event | April 2024 | - Miners are encouraged to use BTC as collateral for fiat loans rather than selling. - Holding BTC can provide benefits such as price appreciation, tax deferral, and additional income through lending. - Trade tensions and tariffs have increased operational costs for miners, especially for hardware imports. - March 2025 saw a significant sell-off, with over 40% of mined BTC liquidated by miners. > "Holding onto BTC offers several advantages, including price appreciation, tax deferral, and the opportunity to generate additional income by lending out BTC held in company treasuries." – John Glover, Ledn **Summary Box:** - Industry expert John Glover advises miners to retain BTC and leverage it for loans. - March 2025 recorded the highest miner BTC sell-off since October 2024, with over 40% of output sold. - Trade policies and rising hardware costs continue to challenge the mining sector. - Source: Cointelegraph Sources: - [Bitcoin-Miner sollten an BTC festhalten – Branchenexperte](https://de.cointelegraph.com/news/bitcoin-miner-sollten-an-btc-festhalten-branchenexperte) --- *Dieser Artikel wurde ursprünglich veröffentlicht auf [mining-provider.com](https://mining-provider.com/bitcoin-miners-urged-to-hold-btc-and-use-as-loan-collateral-amid-rising-pressures/)* *© 2026 Provimedia GmbH*