Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Malam90 on January 25, 2021, 03:00:42 PM
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The Nasdaq-listed mining company wants to become a "pure-play bitcoin investment option" for Wall Street.
Cryptocurrency mining company Marathon Patent Group bought $150 million in bitcoin for around $31,100 apiece during the crypto asset’s recent price rout.
The Nasdaq-listed firm said Monday it purchased the bitcoins through institutional bitcoin (BTC, +5.52%) shop NYDIG. Marathon is the latest publicly traded company to swap a cash treasury for bitcoin, and, with 4,812.66 BTC now on the books, one of the largest by sheer investment size.
Marathon CEO Merrick Okamoto said in a statement the bitcoin buy “accelerates” his mining company’s transformation into a “pure-play bitcoin investment option” for crypto-hungry Wall Street traders. Source (https://www.coindesk.com/miner-marathon-buys-bitcoin-investment)