The post Crypto Shockwave: Marathon Digital Buys $100M in Bitcoin – Here’s Why! appeared first on Coinpedia Fintech News
Marathon Digital has purchased $100 million worth of Bitcoin. They now hold a total of over 20,000 BTC, worth almost $1.3 billion. This is a huge shift in their strategy. Let’s understand why this is big news for the crypto world.
Marathon Digital Bets Big on Bitcoin
Marathon Digital recently bought $100 million worth of Bitcoin. The company now holds more than 20,000 BTC. This stash is worth nearly $1.3 billion at today’s prices. They are going back to their HODL strategy, keeping all the Bitcoin they mine. Fred Thiel, Marathon’s chairman and CEO, said, “We believe Bitcoin is the world’s best treasury reserve asset.” He also encourages governments and companies to hold Bitcoin as a reserve asset.
Perfect Timing for Bitcoin Investment
Marathon’s CFO, Salman Khan, explained why they bought more Bitcoin. “Given Bitcoin’s current tailw
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