Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.
As of June, the company held a total of 18,536 Bitcoin worth over $1.1 billion, according to the firm’s operations “MARA opted not to sell any bitcoin in June. The Company still intends to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes.”The Bitcoin selling patterns of large holders, like mining firms, can have a significant impact on Bitcoin price, especially since theMarathon, valued at over $6.25 billion, is the world’s largest Bitcoin mining firm, surpassing the second-largest company, CleanSpark, by 62%.
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