HODL

Bitcoin

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<h2 id="key-points">Key Points</h2>
<ul>
 <li>Marathon Digital has purchased an additional $100 million in Bitcoin as part of a new HODL strategy.</li>
 <li>Despite high mining costs, the company plans to retain all mined BTC and continue purchasing more from open markets.</li>
</ul>
<p>Bitcoin miner Marathon Digital has recently acquired $100 million worth of Bitcoin as part of a new strategy. The firm’s CEO, Fred Thiel, announced that this purchase was made over the last month to enhance their treasury strategy.</p>
<h2 id="marathon-digital-s-new-approach">Marathon Digital’s New Approach</h2>
<p>The company has adopted a full HODL approach, meaning it will retain all mined Bitcoin and strategically accumulate more from open markets. This decision underscores the long-term value of the digital asset.</p>
<p>A Bernstein report highlighted Marathon Digital’s accumulation spree and HODL approach. The report showed a decline in the percentage of Bitcoin sold by the company from 56% in 2023 to 31% in 2024.</p>
<h2 id="encouraging-others-to-hodl">Encouraging Others to HODL</h2>
<p>Thiel is urging others to adopt their approach and include Bitcoin as a strategic treasury reserve. He believes Bitcoin is the world’s best treasury reserve asset and supports the idea of sovereign wealth funds holding it.</p>
<p>However, the average mining costs remain significantly higher than the current value of the cryptocurrency. As of now, the average mining cost is $70K, while Bitcoin’s current value is $65K. This disparity poses profitability issues, particularly for small-scale private firms.</p>
<p>According to Bitcoin analyst Willy Woo, the end of the miner capitulation could lead to a rally in Bitcoin miner stocks, including Marathon Digital.</p>

Marathon Digital Takes Bold Step, Invests $100M to Fully Hold onto Bitcoin

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