Transaction URL: https://blockchain.com/btc/tx/aa002a8c4260579ad6a2acf3375843005fd296ac7d3c19ac0c56cc984f3efa17
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- Global
Marathon Digital Holdings (MARA), a major player in Bitcoin mining, has added over 5,000 BTC in the past month, boosting its total holdings to 26,200 BTC, valued at approximately $1.5 billion. The company disclosed this milestone, solidifying its standing among top crypto holders.
After acquiring 4,144 BTC in mid-August, MARA’s Bitcoin reserves surged to over 25,945 BTC by the end of the month. The company continues to follow a “HODL” strategy, similar to MicroStrategy, retaining all mined BTC and committing to periodic purchases.
With these holdings, MARA is now the second-largest public company holder of Bitcoin, accounting for nearly 0.12% of Bitcoin’s total supply. Bitcoin held by public companies has grown from 272,770 BTC to 333,329 BTC in 2023, while holdings in ETFs and funds have surpassed 1 million BTC, reflecting increased institutional confidence in the cryptocurrency.
Former President Donald Trump’s hotly anticipated cryptocurrency venture has a launch date, and it has come straight from the horse’s mouth.
What happened: Trump released a video from his official X handle Thursday, announcing that the World Liberty Financial project would be launched on X spaces next Monday at 8 p.m.
“We’re embracing the future with crypto and leaving the outdated and big banks behind,” the Republican, who is running for White House, said.
Trump’s son Eric Trump, who has been promoting the decentralized finance (DeFi) project over the past few weeks, reposted the announcement, saying “Crypto is the future—I’m all in.”
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What are we really doing here?
“Uli doesn’t care about anything. He’s a Nihilist. Ah, that must be exhausting.”
— Bunny Lebowski, The Big Lebowski
I’ve been thinking a lot about use cases, adoption in crypto and what we’re really doing here.
Bitcoin is up 30% year to date, and yet the vibes have felt like we’re in a bear market. Every altcoin has sunk under the weight of inflated high-fdv, low-float launch strategies and governance tokens that cannot pass on any value accrual to holders due to the regulatory…
Read more on Blockworks