The decision to HODL or holding onto bitcoin comes almost year after Marathon started to sell its mined digital assets to pay for the company’s operating expenses. Prior to the crypto winter, most miners adopted the strategy to hold on to all the mined bitcoin in their balance sheet, which paid off during the bull market rally. However, as market imploded last year, most miners started to sell their mined bitcoin to pay for operating expenses and Marathon was one of the last one to start monetizing their digital assets in early 2023.
Related posts
-
Bitcoin Rollup Protocol BOS Verifies Zero-Knowledge Proof on Mainnet
BitcoinOS (BOS) has successfully verified a zero-knowledge proof (ZKP) on the Bitcoin mainchain, marking a significant... -
Crypto Industry ‘Will Show No Mercy’ in November Says Winklevoss After Harris Snubs Bitcoin Event
Following the announcement that U.S. Vice President Kamala Harris won’t attend the Bitcoin 2024 conference in... -
BlackRock CEO concerned after crypto surge boosts Bitcoin, Ethereum and XRP prices
Disclosure: This article does not represent investment advice. The content and materials featured on this page...