$6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms
According to a press release, MARA Holdings, Inc. now reports holdings valued at close to $6 billion, totaling 52,477 BTC. That level puts the miner among the largest public corporate Bitcoin holders, trailing only Michael Saylor’s Strategy in the public treasury rankings. Related Reading: Russia Looks To Open Crypto Market Wider For Citizens – Details […]
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Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes. Thus, Fred Thiel, Chairman and CEO of Marathon Digital is adopting a […]
Arkham Intelligence has flagged roughly 45,000 Bitcoin tied to the Movie2K piracy case that have not moved since 2019, a discovery that raises fresh questions about what was missed when German authorities handled the earlier seizures. Related Reading: $6B In Bitcoin: Marathon Digital Treasury Now 2nd-Largest Among Public Firms At current prices, those coins are […]
Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?
Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will bring the firm’s total hashrate to 2.56 exahash per second (EH/s) – one of the world’s top 15 bitcoin miners. ▪ In August, Marathon bought another 10,500 miners of the same make for $23....
Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin. This significant purchase, detailed in a recent company statement, has increased Marathon’s Bitcoin holdings to over $1 billion at current prices, showing the company’s confidence in the future price appreciation of the largest cryptocurrency on the market. Is Bitcoin The ‘World’s Best Treasury Reserve Asset’? According to the company’s announcement on Thursday, by adopting a “HODL” strategy,....