Marathon Digital Added $124M in BTC to its Reserves Last Month
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Bitcoin miner Marathon Digital Holdings has continued to increase its Bitcoin holdings as part of its “full HODL” strategy.
Most recently, the company added 2,282 Bitcoin worth over $124 million at current valuation, bringing its total holdings to 20,818 BTC, worth over $1.14 billion.
Whale entities, which hold significant amounts of Bitcoin, have a strong influence on its price. When these entities adopt a long-term holding strategy, it is seen as a positive indicator for the future potential of Bitcoin.
Last month, Marathon acquired $100 million worth of BTC, with the goal of making it a key asset in their treasury reserves.
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