On June 24th, the Russian cryptocurrency market is developing rapidly, and domestic investors are actively increasing their holdings of digital assets and expanding industrial mining activities. Vasily Girya, CEO of mining data center operator GIS Mining, said at the St. Petersburg International Economic Forum 2025 that by the end of the first half of 2025, the value of crypto assets held by Russians had exceeded 2 trillion rubles (about 25.40 billion dollars).
Girya highlighted the significant increase in institutional investor interest in cryptocurrency mining, especially bitcoin mining, with anchor expanding its digital currency portfolio by increasing orders to industrial mining operators. Russian institutional investors are leveraging the country's abundant energy resources to drive large-scale mining operations, a strategy that not only maximizes resource utilization, but also promises to strengthen Russia's position in the global crypto economy.
Data: Cryptocurrency holdings of domestic investors in Russia top $25.40 billion
2025-06-24 03:49:02
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