• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, October 23, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Business

Marathon Digital Purchases $100M worth of Bitcoin, Adopts Full HODL Strategy

25 July 2024
in Business, News
Reading Time: 3 mins read
105 4
Marathon Digital Purchases $100M worth of Bitcoin, Adopts Full HODL Strategy

Source: Crypto Rank

U.S. based Bitcoin Miner, Marathon Digital has announced that it has purchased $100,000,000 worth of $BTC and currently holds over 20,000 $BTC in its portfolio.

According to a press release published on Thursday, July 25, 2024, the firm noted that it will implement a HODL approach towards its Bitcoin treasury policy, holding all the Bitcoin assets mined in its operations. The firm added that it will also occasionally make strategic open market purchases, with time. 

Fred Thiel, Chief Executive Officer and Chairman, said that the firm’s decision to adopt a full HODL approach on BTC reflects its confidence in the long-term value of the asset. He also added that they believe that Bitcoin is the world’s best reserve asset and they support the concept of treasury wealth holding the asset. Also, Thiel suggested that firms should also consider investing in Bitcoin as a reserve asset. 

The company’s Chief Financial Officer, Salman Khan, noted that before last year, the firm used to hold all its Bitcoin assets. He noted that thanks to Bitcoin’s existing tailwinds, such as more institutional supports and better macro environment, the firm is once again seeking to implement this strategy. 

Khan added that the firm is looking at increasing the amount of assets in their portfolio. He noted that Bitcoin’s recent price decline and the strength of Marathon’s balance sheet enabled them to make this latest purchase. 

The year 2024 has proven to be an impressive year for Marathon Digital, as it has recorded notable achievements in the past months. In May, the firm joined S&P SmallCap 600, as its shares leaped by 18%. As per the report, MARA would replace Aaon, a heating and ventilation manufacturer in the index. 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Tags: BitcoinMarathon
Share63Tweet40Share11
Precious James

Precious James

Precious James is a seasoned forex and crypto trader who loves sharing insights through engaging and accessible content. When not analyzing markets, Precious enjoys quality time with their beloved dogs. This blend of expertise and personal passion adds a unique, relatable touch to Defi Planet's content.

Related Posts

source: chainplay.gg
Crypto

KuCoin Pay Partners with CTFpay to Power Instant Crypto-to-Fiat Payments

23 October 2025
source: news.bitcoin.com
Crypto

OKX Launches Rubix to Bridge Traditional Finance and Digital Assets

23 October 2025
source: cryptobriefing.com
Crypto

Hyperliquid Strategies Seeks $1B to Expand HYPE Treasury, Eyes Lead in Decentralized Derivatives Market

23 October 2025
source: theblock.co
Crypto

Polymarket Eyes $15B Valuation Amid Soaring Investor Interest in Prediction Markets

23 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls, Outset PR Finds

2 days ago

Your Weekend Crypto Roundup | October 2025 (Week 3)

6 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

2 weeks ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

3 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards

    bychainwire
    23 October 2025
    0

    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System

    bychainwire
    22 October 2025
    0

    Ika and Human Tech Reveal Wallet-as-a-Protocol (WaaP): First Zero-Trust Decentralized Wallet Infra

    bychainwire
    22 October 2025
    0

    Alps Blockchain Announces Corporate Rebranding to Alps

    bychainwire
    22 October 2025
    0

    Bombastic Casino Unveils New Design and Enhanced Features

    bychainwire
    21 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00