Ushering In A Bitcoin Standard: Marathon Buys $150 Million Of Bitcoin

2021-1-26 20:26

The supply of bitcoin continues to dry up as Marathon Patent Group Inc., one of the largest Bitcoin mining companies based in North America, announced its purchase of 4,812.66 BTC at an aggregate price of $150 million, per a release. 

The bitcoin was purchased via New York Digital Investment Group (NYDIG), which helped Marathon take advantage of the recent dip in the market. This isn’t the first time we’ve seen NYDIG help companies buy bitcoin, as it facilitated the recent MassMutual purchase of $100 million worth of BTC this past December.

Institutional investors are starting to see the light of a Bitcoin standard and what it can offer them over traditional ways of doing business, as Marathon chairman and CEO Merrick Okamoto said: “We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similarly to other forward-thinking companies like MicroStrategy,” according to the release. 

Robby Gutmann, the founder and CEO of NYDIG also commented on the purchase in the release, saying: “We deeply admire Marathon’s commitment to the Bitcoin ecosystem.”

This purchase has been noted as a “pure-play investment,” as Marathon strengthens financially and remains one of the only Nasdaq-listed companies to have exposure to bitcoin.

Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon") today announced that it has purchased 4,812.66 BTC in an aggregate purchase price of $150 million via @NYDIG_BTC. Another public company adopts #Bitcoin as a treasury reserve asset. https://t.co/acwghygNxC

— Michael Saylor (@michael_saylor) January 25, 2021

The post Ushering In A Bitcoin Standard: Marathon Buys $150 Million Of Bitcoin appeared first on Bitcoin Magazine.

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bitcoin marathon million ushering 150 buys standard

Источник: bitcoinmagazine.com

bitcoin marathon → Результатов: 34


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Marathon Patent Group Buys $150 Million Worth of Bitcoin as a Reserve Asset

Marathon Patent Group announced Monday that it bought 4,813 bitcoins in a deal worth $150 million. The firm joins the growing list of publicly listed companies holding bitcoin in their treasuries. Merrick Okamoto, chairman and chief executive officer of Marathon, said the Nasdaq firm is buying bitcoin (BTC) as a reserve asset. “We…believe that holding […]

2021-1-26 10:30


На североамериканском рынке майнинга появится новый лидер

После установки купленного у Bitmain оборудования на Marathon Patent Group придется 1,3% совокупного хешрейта сети Bitcoin. Холдинг станет оператором крупнейшего в Северной Америке криптодобывающего предприятия.

2020-8-15 16:33


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