Marathon Digital Acquires $100 Million in Bitcoin

The mining firm reaffirms commitment to Bitcoin with a full HODL strategy, increasing its holdings to over 20,000 BTC.

Marathon Digital purchased $100 million worth of Bitcoin, boosting its holdings to more than 20,000 BTC, valued at approximately $1.3 billion.
The company will adopt a full HODL strategy, retaining all mined Bitcoin and making strategic market purchases.
Marathon's decision is driven by confidence in Bitcoin's long-term value and rising institutional adoption.
The firm had previously sold Bitcoin to cover operating expenses but now sees an opportunity to expand its reserves.
Marathon's stock saw a slight increase, while Bitcoin prices experienced a minor decline.