Bitcoin Marketcap
$1.86T
Gold Marketcap
$16.14T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.86T
Gold Marketcap
$16.14T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Marathon Patent Group - a Nasdaq-listed bitcoin mining company, announced that they converted a little under a third of their corporate treasury to BTC. The purchase totaled about $150 million.
As reported by The Block, Marathon CEO Merrick Okamoto explained:
By leveraging our cash on hand to invest in bitcoin now, we have transformed our potential to be a pure-play investment into a reality... We also believe that holding part of our treasury reserves in bitcoin will be a better long-term strategy than holding U.S. dollars, similar to other forward-thinking companies like MicroStrategy.
tldr