Institutions want cheaper “virgin” Bitcoin An ins

Institutions want cheaper “virgin” Bitcoin

An institutional capital rotation into Bitcoin mining companies may be the next logical step as corporations investing in Bitcoin ETFs and treasury firms look to acquire cheaper Bitcoin for their balance sheets.

More institutions are exploring the possibility of acquiring cheaper, “virgin” Bitcoin, instead of paying the spot prices on exchanges, said Dreier. Institutions want to get newly minted Bitcoin “cheaper than they get it from the market.”

Increasingly more institutions are inquiring about Bitcoin mining infrastructure services from GoMining in an attempt to acquire cheaper Bitcoin for their balance sheets, Dreier told CointelegraphMining a Bitcoin cost an average of $64,000 during the first quarter of 2025 and is expected to surpass $70,000 by the end of the year, which is still 70% cheaper than today’s spot Bitcoin price of over $119,050, according to a research report by TheMinerMag