Nasdaq-listed Marathon Patent Group bought approximately 4,813 BTC worth $150 million.
The firm that mines bitcoin bought a coin on the market for the first time. The Marathon CEO stated:
Our strategy – store part of the reserves in Bitcoin – should yield greater returns in the long run than holding the US dollar.
The company announced the purchase on Monday, and the transaction itself was completed on January 21. The average price of Bitcoin upon purchase was $31,135.
Marathon Patent Group has been mining bitcoin since the end of 2017. Today the company is mining about 2 BTC per day, but plans to raise this figure to 55-60 BTC per day.
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Based on materialswww.theblockcrypto.com
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