Oddbean new post about | logout
▲ ▼
Bitcoin News | 3 months ago (raw) | export | reply | flag 
 World’s largest Bitcoin miner announces $250M raise to buy more Bitcoin. The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
 https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718027571573-YAKIHONNES3.jpg
▲ ▼
13026870 | 3 months ago (raw) | root | parent | reply | flag 
 jf
▲ ▼
sella maurtan | 3 months ago (raw) | root | parent | reply | flag 
 Marathon's decision to raise funds and acquire more Bitcoin is seen as a positive development, especially considering the challenges faced by Bitcoin miners due to the 2024 Bitcoin halving. The halving resulted in a 50% reduction in block rewards, which could potentially force other miners to sell their Bitcoin. By continuing to accumulate Bitcoin, Marathon aims to establish it as a strategic reserve asset for the company