Tuesday, 02 January 2024 12:17 GMT

Singapore's Bitfufu Accumulates More Bitcoin, Pushing Treasury Holdings To 1,373 BTC


(MENAFN- Crypto Breaking) Singapore-based Bitcoin mining company BitFuFu has increased its Bitcoin treasury to 1,373 BTC, highlighting a renewed focus on holding the digital asset even as the miner continues to navigate weaker mining economics and pressure on revenue.

The latest accumulation marks a notable shift from periods when the company sold part of its Bitcoin reserves to finance operations and expand mining capacity. BitFuFu's recent financial performance has underscored the challenges facing miners as Bitcoin prices, network difficulty, and demand for cloud-mining services affect profitability.

Key Takeaways
    BitFuFu's Bitcoin treasury has reached 1,373 BTC. The company previously used Bitcoin sales to support operations and procure additional mining capacity. Second-quarter revenue fell 62.9% year over year to $42.8 million. BitFuFu has been rebuilding its managed hashrate after significantly reducing capacity earlier in the year.
Bitcoin Treasury Takes Greater Importance

BitFuFu's treasury strategy has evolved alongside its mining operations. In May 2025, the company held 1,709 BTC after selling 178 BTC during Bitcoin's then-record price levels.

CEO Leo Lu said the sales were part of a broader effort to manage liquidity while maintaining the company's long-term exposure to Bitcoin.

“With a more constructive Bitcoin market environment and a significantly expanded operating base, we are well positioned to capture improving market opportunities in the months ahead.”

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links.

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