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Marathon Digital sold nearly all of the Bitcoin mined in February, according to CoinDesk. The firm sold 18,000 Bitcoin for an estimated $170 million. Marathon’s CEO said the sales were part of the firm’s monthly rebalancing of its portfolio and to “take profits and raise additional capital to support the company’s growth.” The company stands out as the largest publicly-traded crypto miner in the United States, and the sales demonstrate the large investors that are becoming a player in crypto markets. Marathon’s stock is up nearly 400% year-to-date.

Categories: Crypto / Daily Views: 1 /

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