Marathon Digital Holdings has purchased $100 million worth of Bitcoin and will fully HODL the assets.

#mara #MarathonDigitalHoldings #marathondigital #Bitcoin_Coneference_2024 #bitcoin $BTC

Bitcoin miner #Marathon Digital just bought $100 million worth of $BTC and will adopt a #HODL strategy given macro tailwinds and institutional support.

#marathondigital #MarathonDigitalHoldings #TrendingTopic

A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.

n an exclusive interview during the 2023 Bitcoin Conference in Miami, Thiel disclosed the strategy behind Marathon's figures in the first quarter of 2023, where the firm reduced its net loss from $12.9 million ($0.12 per share) from Q1 2022, to $7.2 million ($0.05 per share) this year.

#hashrate #marathondigital #2023 #bitcoin #ceo

Bullish #marathondigital Mining Update:

In January, $MARA :
👉 Bought 183.5 #BTC selling NONE
👉 Now holds total 15,741 $BTC  worth over $1 BILLION
👉 Sustainably operated, NASDAQ-listed
👉 Converts energy into BTC
👉 Bullish signal for Bitcoin's future

Marathon Digital Holdings:
The largest and most sustainably operated #Bitcoin mining company in North America - Marathon Digital Holdings - continues stacking sats at a rapid pace.

#AltUpdate #ALTUSDT
$ETH $BNB

#marathondigital Digital Races Past Tech Giants, Becomes Most Traded Stock! ‍♀️
Move over, Big Tech! #Bitcoin mining powerhouse Marathon Digital has just dethroned the likes of Tesla, Apple, and Amazon to claim the title of most traded stock in the last 24 hours, racking up a whopping $327 million in trading volume!

#Crypto #NFP #Launchpool
$BTC $XRP $BCH

▪️Marathon Digital, one of the leading Bitcoin mining firms in North America.

#BTC #bitcoin #btcmining #marathondigital #mining

Corporate companies' interest in Bitcoin mining is increasing. ⛏️🪙💰

Marathon Digital Holdings (NASDAQ: MARA) is leading the charge among publicly traded Bitcoin mining companies. Despite the upcoming block subsidy halving in April, institutional investors are increasingly betting on Marathon, signaling a significant shift in sentiment towards Bitcoin mining.

Institutional investors now hold a substantial 38.9% of Marathon’s outstanding shares, totaling 104,212,740 shares out of 268 million.

Notable investors such as Vanguard, BlackRock, Jane Street, Morgan Stanley, and State Street collectively own 22.7% of Marathon Digital Holdings.

With a market capitalization of $5.58 billion, Marathon is spearheading the Bitcoin mining sector, experiencing a remarkable year-over-year gain of 146.69%, with its stock closing at $20.87 per share on March 22.

🔹Bitcoin Halving and Mining Companies:

Bitcoin undergoes a block subsidy halving approximately every four years, directly impacting mining revenue.

Currently, over 98% of Bitcoin block rewards come from the subsidy, averaging 900 BTC issued daily.

The halving could potentially halve mining revenue if Bitcoin’s price remains constant, affecting companies like MARA whose stock may correlate with Bitcoin’s price movements.

🔹Influence of Institutional Investors and Future Outlook:

The substantial ownership stake by institutional investors in Marathon indicates a bullish outlook on Bitcoin’s future price trajectory.

Wall Street’s increasing involvement in Bitcoin mining companies suggests a deepening influence over Bitcoin’s security and consensus mechanism.

Despite revenue challenges posed by the halving, institutional support implies a positive long-term outlook for Bitcoin’s price.

#BTC #mining #Marathon #MarathonDigitalHoldings #marathondigital