I just saw that Core Scientific is selling Bitcoin in a very strategic way. The company dumped 1,900 BTC in January for about $175 million, which is roughly $92,100 per coin. Price well above what it's trading at now (71,500), so they were quite opportunistic indeed.

The most interesting thing is that it's not just a random sale. The mining company is basically exiting the Bitcoin business and reallocating everything to AI data centers. The CEO made it clear that mining has essentially become a divestment. They sell Bitcoin to finance this transition, not to rebuild mining capacity.

This reflects a larger movement in the industry - Marathon, Riot Platforms, and others are doing the same. Bitcoin mining is becoming a thing of the past for these companies. Core Scientific now has less than 1,000 BTC and is likely to keep selling as opportunities arise. The focus is now on AI infrastructure.