Marathon Digital Holdings dominates the market by holding about 42% of all bitcoin owned by publicly traded mining companies. As of August 2024, Marathon holds 26,842 BTC out of the total 59.7k BTC on public miners' balance sheets, reinforcing its leadership position.
The company employs a bitcoin accumulation strategy, not just retaining all its mined bitcoins but also purchasing additional volumes. This strategy establishes Marathon as a major player in the bitcoin mining industry, ensuring robust financial status and market leadership.
By continually increasing its bitcoin reserves, Marathon not only maintains a strong financial position but also prepares for future price rises in the cryptocurrency, aiming for long-term benefits.
