Crypto Miner Marathon Digital Sold 1,500 BTC in January
Cryptocurrency mining company Marathon Digital sold a total of 1,500 Bitcoins in January to cover part of the costs.
Fred Thiel, CEO of the company, has said:
“With Bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our Bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes.”
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According to him, Marathon Digital will continue to sell BTC during the current year “to cover some of our operating expenses.”
According to the press release:
“As a result, Marathon holds a total of 11,418 BTC, of which approximately 8,090 BTC (c. $187.2 million) are unrestricted.”
Recall that Marathon Digital is one of the largest BTC holders among public companies, second only to MicroStrategy. Other major Bitcoin holders are the mining companies Hut 8 and Riot Blockchain.
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