Marathon Digital Holdings is committed to increasing its bitcoin reserves, purchasing the cryptocurrency consistently for four months. In September 2024, the company added 192 BTC to its holdings, valued over $11.59 million. This action is part of Marathon's strategy to retain all mined bitcoin while actively buying more.
The company's HODL policy ensures none of the mined bitcoin is sold and focuses on accumulation. By the end of September, Marathon's bitcoin holdings totaled 26,842 BTC, making up around 42% of the bitcoin held by publicly traded mining firms.
Marathon's strategy underlines its dedication to long-term growth in the crypto sector, irrespective of recent bitcoin price drops and market fluctuations.
