Marathon Digital Holds 25,945 BTC as of August 31, 2024, Opts to HODL for Future Gains

Marathon Digital has solidified its position as one of the largest Bitcoin holders among publicly traded mining companies, reporting a total of 25,945 BTC as of August 31, 2024. Notably, the company did not sell any of its Bitcoin holdings during the month, indicating a strong belief in the future appreciation of the cryptocurrency.

This decision to hold onto its BTC reserves aligns with Marathon’s long-term strategy of accumulating Bitcoin and waiting for market conditions to improve. As Bitcoin prices are predicted to peak at around $80,000 by 2025, Marathon could see significant gains from its current holdings. By choosing not to liquidate any BTC in August, the company demonstrates confidence in its financial stability and its ability to generate revenue through mining without needing to sell off its reserves.