BitFuFu, a Singapore-based, Nasdaq-listed Bitcoin mining company trading under the ticker FUFU, increased its Bitcoin holdings in October despite broader crypto market weakness.
According to Bitcoin Treasuries data, the miner added 66 BTC, lifting its total corporate Bitcoin holdings to 1,454 BTC. That places BitFuFu 38th among the largest publicly traded Bitcoin holders tracked by Bitcoin 100.
The update is as of Oct. 31, before the latest wave of selling pressure. At the end of September, BitFuFu reported 1,388 BTC, meaning October holdings rose by 4.8% month over month and marked a third consecutive monthly increase.
The accumulation came despite a drop in production. BitFuFu mined 137 BTC in October, down from 167 BTC in September, an 18% decline. Of the October total, 67 BTC came from self-mining and 70 BTC from cloud mining. The company attributed the lower output to an 11.8% jump in Bitcoin mining difficulty during October.
Total hashrate under management remained stable at 19.5 EH/s, compared with 19.4 EH/s in September. Chairman and CEO Leo Lu reiterated the firm's commitment to increasing its Bitcoin holdings.
