šŸŒŸ Top mining company Marathon once again increased its holdings of Bitcoin by $100 million and plans to adopt a long-term holding strategy

As one of the top Bitcoin mining companies, Marathon recently spent another $100 million to buy Bitcoin and plans to hold it for a long time. At present, the company's Bitcoin holdings have reached 20,000, with a valuation of approximately $1.3 billion.

It is worth noting that Marathon purchased Bitcoin directly through the spot market this time, not through the OTC market. This has triggered widespread speculation in the market that the surge in Bitcoin prices from $53,000 to $67,000 may be related to Marathon's large purchases in the spot market. šŸ’”

šŸ”„ Historical data shows that Bitcoin miners usually hoard Bitcoin during market downturns and gradually sell it during bull markets, which is seen as a self-help strategy for mining companies in market fluctuations. However, in this round of cycles, Marathon's strategy has changed, and it began to increase its holdings of Bitcoin when the price was high this time.

Marathon's CEO explained that they firmly believe that Bitcoin is the world's best reserve asset and expect all venture capitalists and investment banks to hold Bitcoin for a long time. Marathon also encourages governments and large institutions to include Bitcoin as part of their reserve assets. šŸŒ

This action may indicate that more and more venture capital and investment banks are beginning to value the value of Bitcoin. Heavyweights in the traditional financial world, including BlackRock CEO Larry Fink and JPMorgan Chase CEO Jamie Dimon, may have a major change in their attitude towards Bitcoin.

šŸ’¼ At the same time, Michael Saylor, the founder of Microstrategy, converted all his liquidity into Bitcoin and borrowed money to increase his Bitcoin holdings. This shows that Bitcoin is not only regarded as an important asset allocation by individual investors, but also by companies.

If investors fail to see this trend, they may miss out on profit opportunities in the cryptocurrency and Bitcoin markets in the next few years. As more and more institutional investors and companies include Bitcoin in their asset portfolios, Bitcoin's market position and value potential will be further consolidated and enhanced. šŸš€šŸ’”

What do you think of Marathon's strategy? Do you think this will lead more corporate and institutional investors into the Bitcoin market?Feel free to share your views! šŸ’¬ #ęƔē‰¹åøęŠ•čµ„ #ęœŗęž„ęŒä»“ #加åÆ†č“§åøåø‚åœŗ