Leading cryptocurrency miner Marathon Digital Holdings announced a significant increase in its Bitcoin assets, adding over 5,000 BTC to its portfolio in the past month. The company now holds 26,200 BTC worth approximately $1.5 billion at current market rates, solidifying its position as one of the largest corporate holders of Bitcoin globally.
Marathon Digital maintains a long-term HODL strategy, refraining from selling mined bitcoins, believing in their future value appreciation. Over the past 12 months, the company has increased its holdings by 40%, showcasing confidence in the cryptocurrency's future. Marathon Digital's share represents 0.12% of the global Bitcoin supply out of the maximum 21 million coins that will ever be mined.
This increase comes amid industry pressures following the recent halving event in April, which reduced mining rewards by half. Despite challenges, Marathon continues to expand its operations, investing in new equipment and scaling up its capabilities. The company is also exploring options to transition to renewable energy sources to enhance efficiency and sustainability.
