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Mining giants are buying against the trend! Marathon and Hut 8 have swept up $1.6 billion in Bitcoin, this is true kingly operation!
In the midst of a sluggish market, Bitcoin mining giants Marathon Digital Holdings and Hut 8 have struck hard, directly initiating a Bitcoin buying frenzy. The two companies collectively invested $1.6 billion, purchasing over 16,000 BTC, equivalent to 37 days of Bitcoin issuance, refreshing the market's perception of mining giants.
Marathon Digital Holdings:
Invested $1.53 billion, purchasing 15,574 BTC at an average price of $98,529 per coin. Bitcoin holdings increased to 44,394 BTC, with a total value approaching $4.45 billion! This further solidifies Marathon's position as the world's second-largest Bitcoin holder, second only to MicroStrategy.
Hut 8:
Spent $100 million, acquiring 990 BTC at an average price of $101,710 per coin. Total holdings exceed 10,000 BTC, surpassing Tesla, becoming the fourth publicly traded company to have over $10,000 BTC on its balance sheet.
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