Marathon Digital, the world’s largest Bitcoin mining company, has announced its latest purchase of $100 million worth of BTC, increasing its stash to more than 20,000 BTC. According to a press release, Marathon is changing its approach to its Bitcoin treasury policy. This means that the miner will hold all BTC produced during its operations and will periodically make more open-market purchases going forward. Marathon’s chief financial officer, Salman Khan, disclosed that the mining entity used to retain all of its bitcoins before 2023. The latest BTC acquisition comes as Marathon works toward diversifying its revenue and mining operations.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments