Another Bitcoin miner adopts the MicroStrategy (MSTR) Playbook of buying BTC on the open market

“Indeed, nine of the 10 largest publicly traded bitcoin mining companies (by market capitalization) hold fewer bitcoins per share today than they did three years ago. And as a bitcoin miner, Cathedra did no better on that measure. Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, notably MicroStrategy (NASDAQ: MSTR ), and have been rewarded by equity markets,” Cathedra wrote.