Market Cap: $2,557,594,794,866
24h Vol: $95,209,059,350
Cryptocurrencies: 28960
Markets: 114116
Cryptocurrencies: 28960
Markets: 114116
Market Cap: $2,557,594,794,866     
24h Vol: $95,209,059,350
Seeking Alpha 2021-01-25 13:12:30

Marathon Patent buys the dip in bitcoin

Marathon Patent buys the dip in bitcoin
Marathon Patent (MARA) announces the purchase of 4,812.66 bitcoin (BTC-USD) for $150M, or an average price of $31,168.The company worked with New York's Digital Investment Group ((NYDIG)) to execute the purchase.CEO Merrick Okamoto: "We have accelerated the process of building Marathon into what we believe to be the de facto investment choice for individuals and institutions who are seeking exposure to this new asset class ... Holding part of our Treasury reserves in Bitcoin will be a better long-term strategy than holding US Dollars."Bitcoin this morning continues its modest bounce from last week's plunge to below $29K, now changing hands at just over $34K. Marathon is up 4.5% premarket.Microstrategy and its CEO Michael Saylor last week was also a dip-buyer in bitcoin.
esptco-banner img
Latest News

Videos

  • Cardano: What is Cardano (ADA)? Explained!

  • How to buy Bitcoin (BTC) from Binance?

  • Bitcoin Halving Explained: Why It Is So Important?

  • Litecoin: What is Litecoin? EXPLAINED!

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire