Marathon expands Bitcoin assets: With a significant acquisition of 11,774 BTC valued at 1.1 billion USD, Marathon Digital Holdings has brought its total Bitcoin assets to 40,435 BTC. This strategic move not only enhances their holdings but also sparks discussions about Bitcoin’s overall stability.
Debate on market stability intensifies: The massive Bitcoin purchase has intensified debates about market stability, with critics like Peter Schiff suggesting that such acquisitions by Marathon and others like MicroStrategy could artificially support the market, risking volatility. These concerns come amidst recent discussions on Marathon’s impressive returns of 47.6% YTD.