A Bold Move | July 26, 2024
Marathon Digital, a major North American Bitcoin miner, has acquired $100M in Bitcoin.
CEO Fred Thiel expressed confidence in Bitcoin's long-term potential, reflecting belief in its growth.
This purchase adds to Marathon's Bitcoin holdings, valued at $84.8M as of Dec 31, 2021.
The acquisition underscores Marathon's belief in Bitcoin's long-term value and inflation hedge.
Marathon's investment in Bitcoin may attract institutional investors and drive up prices in the crypto market.
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