Home
/ Insights
Crypto Newsfeed
Master
reply

Bitcoin mining giant Marathon has lent out 730M USD in BTC.

Marathon Digital Holdings has strategically lent out around 16% of its Bitcoin treasury, equating to approximately 7,377 BTC valued at 730 million USD. This move reflects their flexible strategy to optimize their Bitcoin acquisitions by both mining and purchasing at favorable price points, ensuring effective management of their holdings.

As of December 31, 2024, Marathon Digital Holdings holds 44,893 BTC, translating to 4.4 billion USD. Their dual strategy of mining and purchasing Bitcoin offers them flexibility and an ability to capitalize on market conditions. This approach is aimed at acquiring Bitcoin cost-effectively during price declines, optimizing their overall costs.

Following Marathon’s announcement of their lending activities, the company’s stock surged by 14%, reaching 19.73 USD. This surge reflects strong investor interest, even amidst ongoing market volatility. The firm surpassed its year-end hash rate target and acquired Bitcoin at an average price of 87,205 USD throughout 2024.

This is community-generated content, not advice from ONUS.
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research