HODL

bullish

Bitcoin

<p><a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital Holdings, one of the largest Bitcoin <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> in the world, has officially adopted a "full <a href="https://ultramining.com/news/en/bitcoin-miners-showcase-steady-hodl-patterns-marathon-leads-with-full-retention/" rel="noopener noreferrer nofollow">HODL</a>" strategy, choosing to hold onto all the Bitcoin it mines. As of September 2024, the company’s <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">Bitcoin holdings</a> have reached 26,200 BTC, worth approximately $1.5 billion. Marathon’s decision to stop selling mined Bitcoin marks a significant shift in strategy, reflecting its confidence in the long-term value of the cryptocurrency. In August alone, Marathon added 4,144 BTC to its reserves, purchasing $249 million worth of the cryptocurrency.</p>
<p>Despite ongoing market volatility and Bitcoin price fluctuations, <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital remains committed to its <a href="https://ultramining.com/news/en/bitcoin-miners-showcase-steady-hodl-patterns-marathon-leads-with-full-retention/" rel="noopener noreferrer nofollow">HODL</a> approach, signaling a bullish outlook on the future of Bitcoin. This strategy comes as other miners are forced to sell their reserves to cover operational costs, particularly as transaction fees decline and mining difficulty rises. <a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a>'s bold decision to retain all mined Bitcoin underscores its belief that the cryptocurrency will see substantial price growth in the coming years.</p>

Marathon Digital’s HODL Strategy: Holding All 26,200 BTC Despite Market Volatility

Ultramining_Eng

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