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.

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