Marathon Digital increased its holdings by 2,282 BTC in July, bringing the total to 20,818 BTC
Bitcoin mining company Marathon Digital Holdings continues to increase its Bitcoin holdings as part of its "full holding" strategy. In July, Marathon Digital added 2,282 BTC, valued at over $124 million based on current estimates. This means that Marathon's Bitcoin holdings have reached 20,818 BTC, worth more than $1.14 billion. In addition to purchasing BTC, Marathon also increased its Bitcoin production in July to 692 BTC, a month-on-month increase of 17%. The announcement stated that the company holds a total of $1.6 billion in Bitcoin and cash. It is worth noting that Marathon did not sell any Bitcoins in June either.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SK Hynix surges over 3% in pre-market trading
WashTec managing body member Michael Drolshagen buys shares for EUR 75,388
Gu Jingci: Bitcoin/Ethereum Trading Strategies and Market Analysis for September 5
The 550 billions USD investment agreement between Japan and the US sees new progress: the second batch of 73 billions USD projects launched, with AI and semiconductors as key areas of cooperation.
Japanese Minister of Economy, Trade and Industry Ryosei Akazawa stated that as part of a trade agreement reached with the United States last year, a 550 billions USD investment initiative is making progress.
