Bitcoin Rally Creates Windfall for Miners
The recent rise in Bitcoin prices isn’t just benefiting retail investors—it’s generating major profits for crypto miners.
Companies that mine and HODL Bitcoin, rather than selling it immediately, are seeing outsized gains.
Frank Holmes, Executive Chairman of HIVE Digital Technologies, explained the dynamic on TheStreet’s Roundtable.
“When you HODL Bitcoin, your mark-to-market value rises with every price increase,” Holmes noted.
This dual impact—mining profit and asset appreciation—is making HODL strategies increasingly attractive for Bitcoin-focused companies.
HIVE’s Strategy vs. Competitors
Holmes highlighted HIVE’s approach of holding mined Bitcoin as a long-term asset.
In contrast, firms like Iris Energy sell all their mined BTC to realize immediate revenue.
“It’s a different business strategy,” Holmes said.
“But our model generates a compounding effect when Bitcoin prices rise.”
The HODL approach gives companies like HIVE leverage to rising crypto valuations.
With Bitcoin now above $120,000, those gains are multiplying.
Bitcoin Treasuries Are Becoming the New Normal
Institutional demand for Bitcoin is also on the rise.
Holmes pointed out a growing trend: corporations are now adding Bitcoin to their balance sheets alongside cash.
This mirrors the model set by MicroStrategy and its chairman, Michael Saylor.
Saylor continues to purchase hundreds of millions in Bitcoin, fueling interest in corporate crypto treasuries.
Melker noted this trend is transforming Bitcoin into a strategic reserve asset, not just a speculative play.
Government Policy Now Favors Bitcoin and Web3
A major catalyst for the rally, according to Holmes, is the recent passage of the GENIUS Act.
The legislation provides clear regulatory backing for blockchain technology and stablecoins.
“This changes the game,” Holmes argued. “It’s not a straight line. It’s nonlinear math—support for Web3 will drive Bitcoin demand.”
The U.S. is now showing signs of embracing Web3, where Bitcoin plays a foundational role.
Investors see this as the start of a longer-term shift in sentiment.
Bitcoin’s Scarcity Adds Fuel to the Fire
Holmes emphasized Bitcoin‘s hard cap of 21 million coins.
That scarcity, combined with growing demand, naturally drives price appreciation.
“As stablecoins backed by U.S. banks emerge, they’ll reinforce the dollar,” Holmes added.
“But Bitcoin will still play a central role in the digital economy.”
With China pushing for de-dollarization, the U.S. could lean on blockchain innovation to defend its monetary dominance.
Stablecoins and Bitcoin: A Strategic Duo
Holmes believes stablecoins will support the dollar’s global role while Bitcoin anchors the decentralized financial ecosystem.
“People still want U.S. dollars,” he said. “Now they’ll get them digitally—and Bitcoin is the proof of that ecosystem working.”
The integration of Bitcoin with stablecoins offers a powerful one-two punch for the digital economy.
This synergy is expected to boost both utility and adoption rates in the months ahead.
Final Thoughts: Bitcoin Set for a Strong Q3
As we head into Q3, Frank Holmes remains confident that Bitcoin will finish the quarter even higher.
Strong government support, rising institutional adoption, and miner profitability are all converging.
With more companies treating Bitcoin as a treasury asset and retail interest rekindled, the rally may be just beginning.
The fundamentals are aligning, and Bitcoin continues to prove its role in the future of finance.