Marathon Digital Ups BTC Holdings to 20,000 Coins After $100M Purchase

IconCryptoNewsTerminal Staff25 Jul, 2024

cryptonews.jpg

Marathon Digital Ups BTC Holdings to 20,000 Coins After $100M Purchase

Marathon Digital (MARA), a major publicly traded Bitcoin miner, has acquired an additional $100 million worth of BTC. This brings the company's total BTC holdings to over 20,000, representing roughly 0.1% of the coin's total supply. The purchase, which is believed to have occurred between $54,000 and $68,000, equates to approximately 1,500 BTC. Marathon maintains a "HODL strategy," intending to retain its mined Bitcoin and continue acquiring additional coins periodically.

Related News