Mining giants are buying against the trend! Marathon and Hut 8 splurge $1.6 billion on Bitcoin, this is a king's maneuver!

In the midst of a sluggish market, Bitcoin mining giants Marathon Digital Holdings and Hut 8 have made a bold move, directly igniting a Bitcoin buying frenzy. The two companies collectively invested $1.6 billion to purchase over 16,000 BTC, equivalent to 37 days of Bitcoin issuance, reshaping the market's perception of mining giants.

Marathon Digital Holdings:

Invested $1.53 billion, acquiring 15,574 BTC at an average price of $98,529 each. Bitcoin holdings increased to 44,394 BTC, with a total value approaching $4.45 billion! This further solidifies Marathon's position as the second-largest Bitcoin holder in the world, second only to MicroStrategy.

Hut 8:

Spent $100 million to acquire 990 BTC at an average price of $101,710 each. Total holdings surpass 10,000 BTC, outpacing Tesla, becoming the fourth publicly traded company with over 10,000 BTC on its balance sheet.

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