Marathon Digital has solidified its position as a leading Bitcoin holder among publicly traded mining companies, with a total of 25,945 BTC as of August 31, 2024. The company did not sell any of its Bitcoin holdings during the month, indicating a strong belief in the future appreciation of the cryptocurrency.
This decision aligns with Marathon's long-term strategy of accumulating Bitcoin and waiting for market conditions to improve. Predictions suggest Bitcoin prices could peak at around $80,000 by 2025. By holding onto its BTC, Marathon demonstrates confidence in its financial stability and ability to generate revenue through mining without needing to liquidate its reserves.
Sursă: ultramining.com ↗