Marathon Digital Holdings is a BTC(Bitcoin) mining company. It's listed on NASDAQ. Recently, the company raised $300m from a senior note offering. Their average purchasing price for BTC is around $59.5k. It's around 25k BTC.
The purpose that they bought 25k BTC is making it a strategic reserve currency(or an asset).
As you know, Marathon Digital Holdings is one of the biggest crypto mining company in the world. Investors need to think about why they borrowed money to buy tons of BTC this moment. They've been mining for more than a decade. They know and understand BTC cycles well more than ordinary people. Do you understand their position now?
I fully understand their current position. But, don't forget they used the leverage. Someday, the leverage will backfire. However, it seems it won't occur right now.
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sounds interesting
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真的吗
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