Marathon Digital Holds Steady Amid Bitcoin Downtrend, Advances Mining Operations and Renewable Heating Initiatives

Marathon Digital Holdings, the world’s largest Bitcoin mining company, has not sold any of its Bitcoin holdings over the past month despite a prolonged downtrend in Bitcoin prices. According to the company’s operations report published on July 3, Marathon held 18,536 BTC worth over $1.1 billion as of June. Marathon aims to strengthen its Bitcoin reserves through market purchases and other strategies to boost its Bitcoin yield. However, the firm noted that it might sell some of its Bitcoin in the future: “MARA opted not to sell any bitcoin in June. “The Company still intends to sell a portion of

Source: CryptoIntelligence