Over the past month, the company has purchased $100 million in BTC. According to its blog post, they now hold 20,000 BTC.
Marathon Commits $100 Million to Bitcoin HODL Strategy
Marathon’s decision to allocate a substantial amount of capital to Bitcoin underscores the company’s belief in the cryptocurrency’s potential as a store of value. This purchase is part of Marathon’s broader strategy to integrate Bitcoin into its financial operations and balance sheet. It positions the company at the forefront of the digital currency revolution.
The move to purchase $100 million in Bitcoin reflects Marathon’s strategic pivot towards embracing cryptocurrency. It signals a shift from viewing crypto as just an operational tool to considering it a core asset in its treasury.
Source: X
This decision aligns with a growing trend among major corporations and institutional investors. They see Bitcoin as a hedge against inflation and a valuable asset in a diversified portfolio. By adopting a HODL strategy, Marathon is committing to holding onto its Bitcoin investments for the long term, regardless of market volatility.
More About Marathon’s Policy
According to its blog post, Salman Khan, MARA’s chief financial officer said: “Before last year, the company used to hold all of its bitcoin.” Also, he said: “Given Bitcoin’s current tailwinds, including increased institutional support and an improving macro environment, we are once again implementing this strategy and focusing on growing the amount we hold on our balance sheet. Bitcoin’s recent price decline, coupled with the strength of our balance sheet, allowed us to add to our holdings. We look forward to continuing to leverage our technological expertise to support Bitcoin and distributed digital asset ecosystems.”
Source: X
Also, Fred Thiel, MARA’s chairman and CEO, said: “Adopting a full HODL strategy reflects our confidence in the long-term value of bitcoin.” He also said: “We believe bitcoin is the world’s best treasury reserve asset and support the idea of sovereign wealth funds holding it. We encourage governments and corporations to all hold Bitcoin as a reserve asset.”
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.