Marathon Digital, the largest Bitcoin mining company in the United States, announced that it recently purchased $100 million worth of Bitcoin, increasing its holdings to 20,000 BTC. The company stated that they are changing their internal Bitcoin holding strategy and adopting a comprehensive HODL The model to hold the mined Bitcoins for a long time means that they will no longer sell the mined Bitcoins and will regularly conduct and announce more open market purchases.

Digital Marathon Chief Financial Officer Salman Khan stated that they are retaining all Bitcoin until 2023. However, the company likely sold some of its assets last year to pay operating costs and maintain operations, which means that the recently sold Bitcoin assets are enough for the company’s working capital in the next few years, and the current upward trend of Bitcoin is in line with the expected The interest rate cutting environment will bring higher value expectations.

Digital Marathon takes into account the company's solid financial position and decided to hold more Bitcoin to express its confidence in Bitcoin. They believe Bitcoin is the best store of value in the world and support the sovereign wealth fund's decision to hold Bitcoin. idea. I encourage governments and companies to use Bitcoin as a reserve asset. This press release also shows that the mine has completed equipment upgrades and the Bitcoin selling force at the mine will weaken in the future.

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〈MICA Daily｜Marathon, the largest miner in the United States, spent US$100 million to buy Bitcoin and promised to hold it for a long time〉This article was first published in "Blocker".