HODL

Bitcoin

Impact

<h2 id="key-points"> Key Points </h2> 
<ul> 
 <li>Marathon Digital has purchased $100M worth of Bitcoin and adopted a HODL strategy.</li> 
 <li>The strategy could potentially increase the value of Bitcoin by 16% annually.</li> 
</ul>  
<p>On the 25th of July, Marathon Digital, the largest Bitcoin mining company, announced a significant purchase. They bought $100M worth of Bitcoin, demonstrating their confidence in the cryptocurrency’s long-term value. At present, the firm holds over 20,000 Bitcoin, with a total worth of $1.3B. </p> 
<h2 id="embracing-the-hodl-strategy"> Embracing the HODL Strategy </h2> 
<p>The company’s commitment to the HODL strategy is evident in their recent activities. This approach entails continually accumulating Bitcoin without selling, with the expectation of future high demand and price increases. Marathon Digital expressed their belief in Bitcoin as the world’s best treasury reserve asset and encouraged governments and corporations to hold Bitcoin as a reserve asset. </p> 
<h2 id="impact-on-bitcoin-and-marathon-digital"> Impact on Bitcoin and Marathon Digital </h2> 
<p>Marathon Digital has been working diligently to decrease its Bitcoin sales. As per reports, the company has reduced total sales from 56% in 2023 to 31% in 2024. With the HODL strategy, Marathon Digital plans to have zero sales, as was the case prior to 2023. </p> 
<p>This strategy could potentially increase Bitcoin’s value by 16% annually, pushing its market cap to over $60T. If this growth is realized, Marathon Digital’s stock could also see significant gains, with its current $1.3B worth of Bitcoin potentially increasing by 208% annually from its current 20k Bitcoin holding. </p> 
<p>The company plans to continue its strategic open market and mining activities, which could potentially double its gains by over $500M annually. This could directly impact its stock value growth, which has seen a decline of 11.56% YTD due to continued Bitcoin sales. </p> 
<p>Investors who adopt Marathon Digital’s HODL strategy could potentially see profits, as Bitcoin is known for providing significant gains for long-term investors. However, it’s important to remember to do your own research before making any investment decisions.</p>

Marathon Digital Reveals: Why HODLing Bitcoin Proves to be the Winning Strategy

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CoinEagle.com

Alte articole publicate pe 27 iul. 2024

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