MarathonDigital: How to make over $1.6 billion using BTC strategies?
MarathonDigital's BTC empire strategy revealed, total value exceeds $1.6 billion!
According to the latest report from Golden Finance, Bitcoin mining company Marathon Digital Holdings has continued to increase its BTC holdings, reaching a staggering 20,818 pieces, with a valuation of more than US$1.14 billion.
In addition, production increased to 692 BTC in July, a 17% increase from the previous month; the company holds a total of $1.6 billion worth of Bitcoin and cash and did not sell any Bitcoin in June.
The success of this strategy demonstrates Marathon’s confidence in the Bitcoin market and its long-term growth potential.
Recent layout of Bitcoin holdings: accumulation of core assets
An important strategy of Marathon Digital in the field of Bitcoin mining is its long-term holding strategy for Bitcoin.
According to news on July 25, MARA has purchased $100 million worth of Bitcoin, and the number of Bitcoins held on its balance sheet has exceeded 20,000, equivalent to approximately $1.3 billion, which is close to 0.1% of the total supply.
MARA Chief Financial Officer Salman Khan did not disclose the specific purchase time and average price.
However, according to Bitcoin Financial data, MARA held 18,536 BTC at the end of June, which suggests that the purchase was about 1,500 BTC, with a price range of between $54,000 and $68,000.
“Adopting a full HODL strategy reflects confidence in the long-term value of Bitcoin,” said Fred Thiel, chairman and CEO of Marathon.
We believe Bitcoin is the world's best reserve asset and support the idea of sovereign wealth funds holding Bitcoin.
We encourage governments and businesses to hold Bitcoin as a reserve asset.
”
Kaspa Mining: Enriching the Asset Portfolio
Kaspa is a POW public chain built based on the GhostDAG protocol. Kaspa's high-speed BPS can make PoW mining truly decentralized.
Compared to Bitcoin, Kaspa’s mining process is more energy-efficient.
As early as May 2023, MARA began evaluating Kaspa as a potential way to further diversify its asset portfolio.
After successfully deploying the first batch of Kaspa ASICs in September 2023, MARA began to scale up its operations.
Marathon has purchased approximately 60 petahash of KS3, KS5 and KS5Pro ASICs, which ASICMinerValue estimates can generate approximately $45,000 in revenue per day for MARA, taking into account factors such as the current network difficulty and mining efficiency.
Diversified business expansion and full industry chain layout
In addition to Bitcoin mining, Marathon is also actively developing other areas.
For example, they have begun evaluating Kaspa as a potential way to diversify their asset portfolio.
In addition, they plan to further expand the scale of operations to meet the growing demand.
These measures demonstrate Marathon's optimism and confidence in the future market.
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