On October 16, COINOTAG reported that Marathon Digital partnered with Galaxy Digital to oversee the transfer of 370 BTC. This move, involving approximately $24.83 million, is part of Marathon Digital's strategy regarding their Bitcoin holdings.
The collaboration signifies a significant transaction in the Bitcoin mining sector, showcasing Marathon’s continued efforts to manage its vast cryptocurrency resources. Galaxy Digital's involvement highlights its role in facilitating large-scale Bitcoin sales, bolstering its reputation in the crypto finance industry.
This transaction reflects the dynamic strategies mining firms like Marathon Digital employ in navigating the volatile cryptocurrency market, ensuring liquidity while retaining significant holdings.
