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

Marathon Digital Holdings, one of the largest Bitcoin mining companies in the world, has officially adopted a “full HODL” strategy, choosing to hold onto all the Bitcoin it mines. As of September 2024, the company’s Bitcoin holdings 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.

Despite ongoing market volatility and Bitcoin price fluctuations, Marathon Digital remains committed to its HODL 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. Marathon‘s bold decision to retain all mined Bitcoin underscores its belief that the cryptocurrency will see substantial price growth in the coming years.