Marathon Holdings plans to conduct a large-scale conversion operation worth 700 million dollars… "To be used for Bitcoin (BTC) purchase"
Minseung Kang
Summary
- Marathon Holdings announced plans to conduct a conversion operation worth 700 million dollars by 2031.
- This fund is expected to be used mainly for purchasing Bitcoin (BTC).
- Last month, Marathon Holdings explained that it had already purchased 6,474 BTC through a conversion operation worth 1 billion dollars.
Marathon Holdings, the world's largest Bitcoin (BTC) mining company, announced plans to conduct a conversion operation worth 700 million dollars. On the 2nd, Marathon Holdings stated through a report, "We will carry out a conversion operation worth 700 million dollars by 2031," adding, "The collected funds will be primarily used for purchasing Bitcoin and can also be used for general corporate purposes." Previously, on the 28th of last month, Marathon Holdings revealed that it had additionally purchased 6,474 BTC through a conversion operation worth 1 billion dollars.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
