Bitcoin Miner Marathon Digital Acquires $100M BTC, Adopts HODL Strategy

Quick Summary:

As the major Bitcoin conference approaches, the company has made headlines by purchasing $100 million worth of Bitcoin and adopting a full HODL approach to its cryptocurrency assets.

Marathon Digital Holdings has announced a significant expansion of its Bitcoin holdings and a shift in its investment strategy.

The CFO also noted that the recent decline in Bitcoin price, combined with MARA’s strong balance sheet, presented an opportune moment to increase their holdings.

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Article Details

Category: Crypto

Markets: India

Topics: Bitcoin miner capitulation Marathon Digital Bitcoin Miner 24/7 Cryptocurrency News Bitcoin News Marathon Digital Holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 14:55:55 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21773957

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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