I noticed that Marathon's shares increased by 10% — it turns out the company sold Bitcoin worth $1.1 billion. The money is going toward debt repayment, not crypto purchases. An interesting move: instead of holding everything in BTC, they decided to strengthen their balance sheet. It seems investors approved — the market responded with a rise. Apparently, balance stability is more important right now than maximizing Bitcoin accumulation. We'll keep an eye on how this affects the company's strategy.

BTC1,43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin