Marathon Digital (MARA) Buys $100M of BTC

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Go back to Marathon Digital (MARA) Buys $100M of BTC

MARA buys $100 million worth of Bitcoin, adopts a ‘full HODL’ approach

July 25, 2024 8:51 AM EDT

Bitcoin miner MARA (NASDAQ: MARA), recently rebranded from Marathon Digital, announced on Thursday that it has purchased an additional $100 million worth of bitcoin.

The companys shares fell more than 2% in premarket trading Thursday following the announcement.

According to a statement shared with The Block, this acquisition brings MARAs total bitcoin holdings to over 20,000 BTC, representing nearly 0.1% of... More