This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC
Summary
Marathon Digital invested $100 million in BTC, increasing its holdings to 20,000 BTC valued at $1.3 billion, representing nearly 0.1% of BTC's maximum supply. Despite market fluctuations, the company is confident in BTC's long-term potential. It plans to adopt a full HODL strategy, retaining all mined BTC and making strategic open market purchases to increase holdings. The company's CEO emphasized BTC's long-term value and encouraged its adoption as a reserve asset by governments and corporations.
