Marathon Digital Acquires $100M BTC, Declares Shift To HODL Strategy

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 25, 2024 22:57

In a significant move, Marathon Digital has announced a $100 million Bitcoin purchase, bringing its total holdings to over 20,000 BTC. The company has also declared a shift to a full HODL (Hold On for Dear Life) strategy for its Bitcoin treasury policy, effective immediately. Under this new approach, they will retain all Bitcoin mined through its operations and plans to make strategic open market purchases periodically. This decision comes just ahead of a major Bitcoin conference, signaling the company’s bullish stance on the cryptocurrency’s future.