According to Odaily, Marathon Digital, a Bitcoin mining company, has released an unaudited update on Bitcoin production and miner installation for June 2024. As of June 30, 2024, the company holds a total of 18,536 unrestricted BTC. In a strategic move, Marathon Digital chose not to sell any Bitcoin in June.
The company's balance sheet shows a holding of $268 million in cash and cash equivalents, with unrestricted cash and cash equivalents, and the combined balance of Bitcoin amounting to $1.4296 billion. This financial update provides an insight into the company's strategic decisions and financial health, reflecting its commitment to holding Bitcoin assets and maintaining a strong cash position.