Marathon
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Marathon lends out 16% of its Bitcoin reserves to explore new paths for profit🏃♂️
Recently, Marathon has lent out about 16% of its Bitcoin reserves, specifically 7,377 BTC, which is worth up to $730 million at current prices!
Although they did not disclose the identity of the borrower, they stated that these are “temporarily lent to a third party.” The goal is to generate profits to cover operational costs.
As of December 31, Marathon's total Bitcoin reserves, including loans, amounted to 44,893 BTC, valued at approximately $4.4 billion. They mined 9,457 BTC in 2024 and additionally purchased 22,065 BTC at an average price of $87,205.
Their CEO, Fred Thiel, stated that their mining operation's current hash rate has exceeded the target of 50 EH/s by the end of the year, while also planning to improve the efficiency of mining machines to 20 J/TH.
Furthermore, Marathon's stock (MARA) has risen nearly 20% in cumulative trading on Friday and Monday, with the current price reaching $29.55. Last December, MicroStrategy's Michael Saylor even predicted that Marathon might be the next Bitcoin company to join the Nasdaq 100 index.
From the perspective of the mining ecosystem, this is a fiercely competitive and tough business, with block subsidies halving every four years. The last halving occurred in April 2024, when the block reward dropped to 3.125 BTC.
However, the Bitcoin hash rate (i.e., network computing power) reached a historical high of 1000 EH/s on January 2. Nevertheless, according to data from the Hashrate Index, the Bitcoin hash price index remained low at $0.056 TH/S on the same day.
This phenomenon indicates that while the computing power of the Bitcoin network has reached unprecedented heights, the earnings for miners per unit of computing power remain at a low level.
Therefore, Marathon has taken bold measures in its Bitcoin holding strategy, aiming to find the best balance between mining profits and corporate operational costs by lending out a portion of its Bitcoin reserves.
💬 What are your thoughts on their lending strategy and the future of Bitcoin mining?
#Marathon #比特币 #BTC挖矿
Recently, Marathon has lent out about 16% of its Bitcoin reserves, specifically 7,377 BTC, which is worth up to $730 million at current prices!
Although they did not disclose the identity of the borrower, they stated that these are “temporarily lent to a third party.” The goal is to generate profits to cover operational costs.
As of December 31, Marathon's total Bitcoin reserves, including loans, amounted to 44,893 BTC, valued at approximately $4.4 billion. They mined 9,457 BTC in 2024 and additionally purchased 22,065 BTC at an average price of $87,205.
Their CEO, Fred Thiel, stated that their mining operation's current hash rate has exceeded the target of 50 EH/s by the end of the year, while also planning to improve the efficiency of mining machines to 20 J/TH.
Furthermore, Marathon's stock (MARA) has risen nearly 20% in cumulative trading on Friday and Monday, with the current price reaching $29.55. Last December, MicroStrategy's Michael Saylor even predicted that Marathon might be the next Bitcoin company to join the Nasdaq 100 index.
From the perspective of the mining ecosystem, this is a fiercely competitive and tough business, with block subsidies halving every four years. The last halving occurred in April 2024, when the block reward dropped to 3.125 BTC.
However, the Bitcoin hash rate (i.e., network computing power) reached a historical high of 1000 EH/s on January 2. Nevertheless, according to data from the Hashrate Index, the Bitcoin hash price index remained low at $0.056 TH/S on the same day.
This phenomenon indicates that while the computing power of the Bitcoin network has reached unprecedented heights, the earnings for miners per unit of computing power remain at a low level.
Therefore, Marathon has taken bold measures in its Bitcoin holding strategy, aiming to find the best balance between mining profits and corporate operational costs by lending out a portion of its Bitcoin reserves.
💬 What are your thoughts on their lending strategy and the future of Bitcoin mining?
#Marathon #比特币 #BTC挖矿
Bitcoin Miner Marathon Digital to Raise $805M to Buy More BTC
Amid the growing trend of accumulating the leading cryptocurrency, Bitcoin miner Marathon Digital has announced its intention to raise up to $805 million to buy more BTC.
Indeed, the miner is set to increase its holdings after the asset enjoyed unprecedented success in November.
Although the token has recently stumbled back to the $95,000 price, it is mere weeks removed from hitting a $99,000 all-time high.
Moreover, the asset is still up more than 36% in the last 30 days despite its recent correction, according to CoinMarketCap. Now, Marathon Digital is among the businesses looking to ramp up acquisition efforts.
Marathon Digital Eyes $805M to Bitcoin After 6,484 BTC Purchase
Since Donald Trump won the 2024 US presidential election, the crypto market has been on a massive bull rally. Tokens like Ripple (XRP) have reached unfathomable heights, while the industry-leading crypto remains the focus.
As companies like MicroStrategy have benefited from acquiring the asset, other firms are starting to take notice. Moreover, they are beginning to emulate that same strategy.
One of the most recent has been Bitcoin miner Marathon Digital, which has announced it wants to raise as much as $805 million to buy more BTC.
Indeed, the announcement comes after the firm’s recent seeking to $1 billion to purchase the cryptocurrency.
The firm also recently acquired $618 million worth of Bitcoin, according to a US Securities and Exchange Commission (SEC) filing. That most recent purchase saw the firm acquire 6,484 BTC at an average price of $95,352.
Although the price tag is quite large, it could still be a good investment considering where many predict the asset to go in the coming year.
With favorable regulation on the horizon, Bitcoin is expected to reach a six-figure value at some point in 2025. As the United States has discussed a strategic reserve plan for the leading crypto, that could be even higher.
#Marathon #bitcoin100k #Mining #cryptomarket #CryptoNews
Amid the growing trend of accumulating the leading cryptocurrency, Bitcoin miner Marathon Digital has announced its intention to raise up to $805 million to buy more BTC.
Indeed, the miner is set to increase its holdings after the asset enjoyed unprecedented success in November.
Although the token has recently stumbled back to the $95,000 price, it is mere weeks removed from hitting a $99,000 all-time high.
Moreover, the asset is still up more than 36% in the last 30 days despite its recent correction, according to CoinMarketCap. Now, Marathon Digital is among the businesses looking to ramp up acquisition efforts.
Marathon Digital Eyes $805M to Bitcoin After 6,484 BTC Purchase
Since Donald Trump won the 2024 US presidential election, the crypto market has been on a massive bull rally. Tokens like Ripple (XRP) have reached unfathomable heights, while the industry-leading crypto remains the focus.
As companies like MicroStrategy have benefited from acquiring the asset, other firms are starting to take notice. Moreover, they are beginning to emulate that same strategy.
One of the most recent has been Bitcoin miner Marathon Digital, which has announced it wants to raise as much as $805 million to buy more BTC.
Indeed, the announcement comes after the firm’s recent seeking to $1 billion to purchase the cryptocurrency.
The firm also recently acquired $618 million worth of Bitcoin, according to a US Securities and Exchange Commission (SEC) filing. That most recent purchase saw the firm acquire 6,484 BTC at an average price of $95,352.
Although the price tag is quite large, it could still be a good investment considering where many predict the asset to go in the coming year.
With favorable regulation on the horizon, Bitcoin is expected to reach a six-figure value at some point in 2025. As the United States has discussed a strategic reserve plan for the leading crypto, that could be even higher.
#Marathon #bitcoin100k #Mining #cryptomarket #CryptoNews
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Bitcoin Miner MARA Purchases 1.1 Billion USD in BTC, Increases Total Reserves to Nearly 4 Billion USD
Leading U.S. Bitcoin mining company, MARA (#Marathon Digital), has announced the purchase of an additional 11,774 Bitcoin worth 1.1 billion USD, raising its total Bitcoin holdings to 40,435 BTC. The current value of this Bitcoin is estimated at nearly 4 billion USD.
Transaction Details
• MARA purchased Bitcoin at an average price of 96,000 USD/BTC.
• The transaction occurred after Bitcoin reached a historic peak of 103,607 USD last week.
• Currently, the price of Bitcoin has slightly decreased, hovering around 96,300 USD.
Comparison with Major Companies
MARA is the second largest publicly traded company holding Bitcoin in the world, only behind #microstrategy , which holds 423,650 BTC, valued at over 40 billion USD.
MARA Stock Performance
• MARA stock (ticker: MARA) is currently trading at 23 USD, down 4% for the day.
• Over the past 6 months, the stock has grown by 18%.
MARA's Business Operations
MARA specializes in Bitcoin mining, an energy-intensive activity aimed at processing transactions on the blockchain. Miners are rewarded with Bitcoin for their work, incentivizing increased accumulation and operational expansion.
Bitcoin Accumulation Trend
MARA's large Bitcoin purchase indicates strong confidence in the long-term potential of this asset, despite short-term volatility. This continues to reinforce the role of Bitcoin in the investment portfolios of large public companies.
📌 Conclusion: The large BTC purchase by #MARA not only affirms optimism for the future of Bitcoin but also contributes to shaping the financial strategies of businesses in the cryptocurrency era.
Leading U.S. Bitcoin mining company, MARA (#Marathon Digital), has announced the purchase of an additional 11,774 Bitcoin worth 1.1 billion USD, raising its total Bitcoin holdings to 40,435 BTC. The current value of this Bitcoin is estimated at nearly 4 billion USD.
Transaction Details
• MARA purchased Bitcoin at an average price of 96,000 USD/BTC.
• The transaction occurred after Bitcoin reached a historic peak of 103,607 USD last week.
• Currently, the price of Bitcoin has slightly decreased, hovering around 96,300 USD.
Comparison with Major Companies
MARA is the second largest publicly traded company holding Bitcoin in the world, only behind #microstrategy , which holds 423,650 BTC, valued at over 40 billion USD.
MARA Stock Performance
• MARA stock (ticker: MARA) is currently trading at 23 USD, down 4% for the day.
• Over the past 6 months, the stock has grown by 18%.
MARA's Business Operations
MARA specializes in Bitcoin mining, an energy-intensive activity aimed at processing transactions on the blockchain. Miners are rewarded with Bitcoin for their work, incentivizing increased accumulation and operational expansion.
Bitcoin Accumulation Trend
MARA's large Bitcoin purchase indicates strong confidence in the long-term potential of this asset, despite short-term volatility. This continues to reinforce the role of Bitcoin in the investment portfolios of large public companies.
📌 Conclusion: The large BTC purchase by #MARA not only affirms optimism for the future of Bitcoin but also contributes to shaping the financial strategies of businesses in the cryptocurrency era.
Bitcoin Miner Marathon Digital to Raise $805M to Buy More BTC
Bitcoin Miner Marathon Digital to Raise $805M to Buy More BTC
Amid the growing trend of accumulating the leading cryptocurrency, Bitcoin miner Marathon Digital has announced its intention to raise up to $805 million to buy more BTC.
Indeed, the miner is set to increase its holdings after the asset enjoyed unprecedented success in November.
Although the token has recently stumbled back to the $95,000 price, it is mere weeks removed from hitting a $99,000 all-time high.
Moreover, the asset is still up more than 36% in the last 30 days despite its recent correction, according to CoinMarketCap. Now, Marathon Digital is among the businesses looking to ramp up acquisition efforts.
Marathon Digital Eyes $805M to Bitcoin After 6,484 BTC Purchase
Since Donald Trump won the 2024 US presidential election, the crypto market has been on a massive bull rally. Tokens like Ripple (XRP) have reached unfathomable heights, while the industry-leading crypto remains the focus.
As companies like MicroStrategy have benefited from acquiring the asset, other firms are starting to take notice. Moreover, they are beginning to emulate that same strategy.
One of the most recent has been Bitcoin miner Marathon Digital, which has announced it wants to raise as much as $805 million to buy more BTC.
Indeed, the announcement comes after the firm’s recent seeking to $1 billion to purchase the cryptocurrency.
The firm also recently acquired $618 million worth of Bitcoin, according to a US Securities and Exchange Commission (SEC) filing. That most recent purchase saw the firm acquire 6,484 BTC at an average price of $95,352.
Although the price tag is quite large, it could still be a good investment considering where many predict the asset to go in the coming year.
With favorable regulation on the horizon, Bitcoin is expected to reach a six-figure value at some point in 2025. As the United States has discussed a strategic reserve plan for the leading crypto, that could be even higher.
#Marathon #bitcoin100k #Mining #cryptomarket #CryptoNews
Amid the growing trend of accumulating the leading cryptocurrency, Bitcoin miner Marathon Digital has announced its intention to raise up to $805 million to buy more BTC.
Indeed, the miner is set to increase its holdings after the asset enjoyed unprecedented success in November.
Although the token has recently stumbled back to the $95,000 price, it is mere weeks removed from hitting a $99,000 all-time high.
Moreover, the asset is still up more than 36% in the last 30 days despite its recent correction, according to CoinMarketCap. Now, Marathon Digital is among the businesses looking to ramp up acquisition efforts.
Marathon Digital Eyes $805M to Bitcoin After 6,484 BTC Purchase
Since Donald Trump won the 2024 US presidential election, the crypto market has been on a massive bull rally. Tokens like Ripple (XRP) have reached unfathomable heights, while the industry-leading crypto remains the focus.
As companies like MicroStrategy have benefited from acquiring the asset, other firms are starting to take notice. Moreover, they are beginning to emulate that same strategy.
One of the most recent has been Bitcoin miner Marathon Digital, which has announced it wants to raise as much as $805 million to buy more BTC.
Indeed, the announcement comes after the firm’s recent seeking to $1 billion to purchase the cryptocurrency.
The firm also recently acquired $618 million worth of Bitcoin, according to a US Securities and Exchange Commission (SEC) filing. That most recent purchase saw the firm acquire 6,484 BTC at an average price of $95,352.
Although the price tag is quite large, it could still be a good investment considering where many predict the asset to go in the coming year.
With favorable regulation on the horizon, Bitcoin is expected to reach a six-figure value at some point in 2025. As the United States has discussed a strategic reserve plan for the leading crypto, that could be even higher.
#Marathon #bitcoin100k #Mining #cryptomarket #CryptoNews
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Hello everyone 👋🏻
I will soon share my portfolio so that everyone participating in our marathon can instantly track my every action.
For this, I selected a neutral wallet in which you can show your trades safely, this is important!
#Marathon #follow_like_comment_share #AltSeasonComing #MoneyMakingMagic
I will soon share my portfolio so that everyone participating in our marathon can instantly track my every action.
For this, I selected a neutral wallet in which you can show your trades safely, this is important!
#Marathon #follow_like_comment_share #AltSeasonComing #MoneyMakingMagic
Marathon Digital Buys 4,144 BTC for $249M – Here’s What You Need to Know
Marathon Digital recently bought 4,144 $BTC worth $249 million at an average price of $59,500 between August 12 and August 14.
According to Arkham, Marathon received 3,908.774 #Bitcoin (worth $228.6 million) from Galaxy Digital, FalconX, and NYDIG.
#BTC #ETH #marathon $ETH
Marathon Digital recently bought 4,144 $BTC worth $249 million at an average price of $59,500 between August 12 and August 14.
According to Arkham, Marathon received 3,908.774 #Bitcoin (worth $228.6 million) from Galaxy Digital, FalconX, and NYDIG.
#BTC #ETH #marathon $ETH