Marathon Digital Invests  $100M in Bitcoin

A Bold Move   |  July 26, 2024

MARATHON DIGITAL  Invests in Bitcoin

Marathon Digital, a major North American Bitcoin miner, has acquired $100M in Bitcoin.

Bullish on Bitcoin's Future

CEO Fred Thiel expressed confidence in Bitcoin's long-term potential, reflecting belief in its growth.

Expanding Bitcoin Holdings

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.

Diversifying Investments

Commitment to Bitcoin

Marathon's investment in Bitcoin may attract institutional investors and drive up prices in the crypto market.

Bitcoin Nears $70K,  Must Hold Above $67K

📈 Positive BTC Signals:

> Trump Campaign Donations

> US ETF Buys 484 BTC

> Institutional Adoption

The $100 Million Bitcoin Buy: Full Report