MicroStrategy Acquires 4,167 BTC And Marathon Holds 1,259 Self-Mined BTC
Another day, another MicroStrategy bitcoin buy. The Michael Saylor-led company is relentless in its BTC accumulation strategy. In a similar position, the bitcoin mining giant Marathon Digital Holdings doubles down on its no-selling policy. Which is also a BTC accumulation strategy. Will these two giants go down in history as pioneers? Related Reading | Treasury Management Firm Says CFOs Avoid Risk, Bitcoin Won’t Become Corporate Vehicle These companies are adopting the Bitcoin Standard as a way of life. Let’s look at MicroStrategy and Marathon’s stats, where do these new acquisitions....
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According to Microstrategy’s executive chairman Michael Saylor, his company has recently purchased 301 bitcoin for $6 million at an average price of $19,851 per coin. Saylor detailed that the firm’s balance sheet now holds 130,000 bitcoins as the company’s stash is the largest number of bitcoins held by a publicly listed business today.
Microstrategy Acquires More Bitcoin at an Average Price of $19,851 per Coin
On Tuesday, Michael Saylor announced that Microstrategy acquired 301 BTC for $6 million and the company paid an average price of $19,851 per coin.....
Marathon has revealed that the mining company has produced 47% less Bitcoin than expected during this past month of May. Marathon’s Bitcoin Mining Production Took A Hit Due To Power Issues Last Month Marathon Digital Holdings yesterday released in a press release its BTC mining updates for the month of May 2022. During this month, […]
The public miner’s production last month was down about 4% from the month prior as Marathon’s operations fluctuated.
Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins. Microstrategy announced Thursday that it has purchased $15 million more in bitcoin. CEO Michael Saylor tweeted: Microstrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average price of ~$55,387 per bitcoin. In the company’s filing with the U.S. Securities and....
In their December report, Marathon Digital Holdings announced their total BTC holdings. And assured their investors that they were not selling any of it any time soon. This is particularly interesting considering the company bought “a record number” of S19s in December. Reportedly, they got a giant loan using Bitcoin as collateral. An operation we’ll see a lot more in the near future throughout the industry. The report quotes Fred Thiel, Marathon’s CEO, in a celebratory mode. “2021 was a transformative year for Marathon as we increased our hash rate 1,790% and increased our bitcoin....