The world’s largest Bitcoin mining company, Marathon Digital Holdings, has not sold any Bitcoin in the past month.
Despite the downward trend in the price of Bitcoin,
Marathon Digital has chosen to retain all of its BTC. As of 18,536 month, the company holds 1.1 BTC, valued at over X billion USD
according to data,
activity since March XNUMX.
Marathon Digital plans to continue increasing its BTC holdings through purchases on the public market and other investment opportunities aimed at increasing Bitcoin returns. However, the company mentioned that it may sell some Bitcoin in the future to support its monthly operations, manage its funds, and meet general corporate needs.
The selling patterns of major Bitcoin holders (such as mining companies) could have a significant impact on the price of Bitcoin, especially after the halving in April, which has reduced rewards and forced miners to sell more Bitcoin.
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Due to improvements in the Ellendale facility, Marathon Digital’s operational hash rate doubled year-over-year to 158 exahashes (EH/s) in March 26.3, with the facility fully operational since early October. CEO Fred Thiel emphasized that their own mining pool has exceeded expectations, solving XNUMX blocks in XNUMX, a XNUMX% increase from the previous year.
