Marathon Digital, the second-largest Bitcoin holder globally, saw its stock rise after announcing plans to lend 7,377 BTC, about 16% of its holdings, to unknown parties. This move aims to generate additional income to help cover operating costs. Investors reacted positively, with the stock increasing by 3.56% on Monday and up 20.66% year-to-date, despite a ...
Michael Saylor, co-founder of MicroStrategy, has raised eyebrows with hints of a potential new Bitcoin purchase after the company joined the Nasdaq-100 Index. His recent social media posts suggest that MicroStrategy may soon add to its already impressive portfolio of over 171,000 BTC, which amounts to an investment exceeding $15 billion. This acquisition would mark ...
Bitcoin has seen a remarkable surge of over 38% in the past month, which has greatly benefited cryptocurrency mining companies like Riot Platforms Inc and Marathon Digital Holdings Inc. Both companies have recently achieved a “Golden Cross,” a sign of bullish Market momentum. Riot’s stock has jumped 35%, and it trades above its key moving ...
Marathon Digital, a prominent U.S. Bitcoin mining company, is making strategic moves to enhance its operations and reduce costs. Recently, it acquired a wind farm in Texas, aiming to use sustainable energy for mining, which reflects a growing trend in the industry. Additionally, Marathon has been aggressively buying Bitcoin, purchasing around 6,484 coins in just ...
