Marathon Digital Holdings, the second largest institutional holder of Bitcoin, has loaned out 16% of its treasury! 💼 7,377 BTC, or about $730 million, was temporarily loaned to third parties. The company, which holds a total of 44,893 BTC, said this hybrid approach allows it to buy Bitcoin at affordable prices. 🎯
There is a lot of interest in MARA’s Bitcoin lending program. They provide modest returns with short-term deals. The program, which is active through 2024, aims to offset operational expenses. The company also mined 9,457 BTC and purchased another 22,065 BTC.