Bitcoin Miner Marathon Digital Buys $100 Million Worth of BTC, Plans to Hold on Balance Sheet
Bitcoin mining company Marathon Digital has purchased $100 million worth of BTC on the open market and plans to hold all mined bitcoin on its balance sheet. The company now holds over 20,000 bitcoin, worth nearly $1.3 billion, and intends to buy more in the future. Marathon's CFO Salman Khan stated that the recent price decline of bitcoin allowed the company to add to its holdings and it will continue to support the digital asset ecosystem.
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