What are you even saying? Mined sats are better than purchased sats? That’s retarded. They’re fungible for a reason. Also, how do you know what their hodl strategy is with respect to when they sell what?
Discussion
Sorry let me be more clear:
There are a few big miners that don't use say, ocean, because they don't want direct custody of the #Bitcoin as part of the block subsidy because of the tax implications. They WANT FPPS because they can sell it immediately when taking custody from the pool and not have the 100 block delay. Their compliance, doesn't allow that gap. They can then go back later and buy #BTC with any profits, instead of mining directly. Which is stupid when you think about it.
No, that’s misinformed. There are a number of reasons that make ocean not super appealing as a large scale miner. When all of your obligations are in dollars, it makes a lot of sense to liquidate then buy in separate transactions for the sake of accounting. Maybe not the most efficient, but it’s not your sats. If you’re mining on Ocean enjoy the extra fee revenue if you happen to hit a block.
It's not misinformed. The point I'm making is they DON'T want it straight from the blocks themselves. Which is being a Bitcoin miner but not liking the Bitcoin payout. Which is weird to me. That's the only point I'm trying to make.
You're part of a system but don't like the way the system pays you, so you so accounting magic instead.
This is why they go for the compliance bullshit instead.