goozerin on Nostr: 🧨 Mining Giant Buys Bitcoin for $100 Million🫰 Marathon Digital is the world's ...
🧨 Mining Giant Buys Bitcoin for $100 Million🫰
Marathon Digital is the world's largest Bitcoin miner. The company has now announced its new BTC strategy – revealing a huge Bitcoin reserve. Marathon Digital is the largest mining company in the world, valued at $5.75 billion on the stock market. Now, they have announced a bullish Full-Hodl strategy along with a major BTC repurchase.
In a new X post, Marathon CEO Fred Thiel writes: "Today, Marathon is proud to announce that to strengthen our strategy, we purchased $100 million worth of BTC last month and will now fully commit to HODL." 🚀
The mining giant wants to use BTC as a strategic reserve, where "Full Hodl" in Bitcoin slang means nothing less than "holding for life." It's no coincidence that Marathon's CEO linked permabull Michael Saylor in the quoted X post. 💪
Meanwhile, the leading cryptocurrency is trading at $63,500, having dropped about 4.5 percent in the last 24 hours. Compared to the previous week, the BTC price has lost about 1.8 percent.
Especially exciting: In a statement, the mining company also announced that with the recent purchase, it now holds over 20,000 Bitcoin worth almost $1.3 billion on its balance sheet and wants to buy more.
"We believe Bitcoin is the best reserve asset in the world and support the idea that sovereign wealth funds should hold BTC," explains Fred Thiel. "We encourage governments and companies to hold Bitcoin as a reserve asset." 🌍
For a few days now, a rumor has been circulating in the crypto scene that former President Donald Trump will announce at the upcoming Bitcoin Conference in Nashville that he will make Bitcoin the reserve asset of the USA. He would apparently have Marathon's support.
While other mining companies capitulated, Marathon Digital held onto its Bitcoin in June despite the falling BTC price. 🏆
#bitcoin #mining #crypto #invest #bitnewstoday #btc
Marathon Digital is the world's largest Bitcoin miner. The company has now announced its new BTC strategy – revealing a huge Bitcoin reserve. Marathon Digital is the largest mining company in the world, valued at $5.75 billion on the stock market. Now, they have announced a bullish Full-Hodl strategy along with a major BTC repurchase.
In a new X post, Marathon CEO Fred Thiel writes: "Today, Marathon is proud to announce that to strengthen our strategy, we purchased $100 million worth of BTC last month and will now fully commit to HODL." 🚀
The mining giant wants to use BTC as a strategic reserve, where "Full Hodl" in Bitcoin slang means nothing less than "holding for life." It's no coincidence that Marathon's CEO linked permabull Michael Saylor in the quoted X post. 💪
Meanwhile, the leading cryptocurrency is trading at $63,500, having dropped about 4.5 percent in the last 24 hours. Compared to the previous week, the BTC price has lost about 1.8 percent.
Especially exciting: In a statement, the mining company also announced that with the recent purchase, it now holds over 20,000 Bitcoin worth almost $1.3 billion on its balance sheet and wants to buy more.
"We believe Bitcoin is the best reserve asset in the world and support the idea that sovereign wealth funds should hold BTC," explains Fred Thiel. "We encourage governments and companies to hold Bitcoin as a reserve asset." 🌍
For a few days now, a rumor has been circulating in the crypto scene that former President Donald Trump will announce at the upcoming Bitcoin Conference in Nashville that he will make Bitcoin the reserve asset of the USA. He would apparently have Marathon's support.
While other mining companies capitulated, Marathon Digital held onto its Bitcoin in June despite the falling BTC price. 🏆
#bitcoin #mining #crypto #invest #bitnewstoday #btc