Top bitcoin miners sold everything they produced last month and cashed out some of their own holdings as the token’s price surged

• Top bitcoin miners sold more tokens than they produced last month, according to data portal The Miner Mag.
• Thirteen public miners sold $164 million worth of bitcoin, cashing in on its price rally in October.
• Miners’ bitcoin liquidation-to-production ratio last month was 104%, up from 70% over the summer.

Top crypto miners capitalized on the surge in bitcoin prices last month, selling more tokens than they produced.

According to a post on crypto data portal The Miner Mag, 13 public bitcoin miners, including Hut 8 and Bit Digital, sold a total of 15,492 tokens worth $164 million.