Marathon and Hut 8 scoop up $1.6 billion worth of Bitcoin during market dip

Bitcoin mining giants Marathon Digital Holdings and Hut 8 have capitalized on Bitcoin’s recent correction by making multi-billion-dollar investments in the flagship cryptocurrency. On Dec. 19, the companies announced purchases totaling over 16,000 BTC for $1.6 billion, equivalent to 37 days of Bitcoin issuance. Marathon led the way by purchasing 15,574 BTC at an average […] The post Marathon... source: https://cryptoslate.com/insights/marathon-and-hut-8-scoop-up-1-6-billion-worth-of-bitcoin-during-market-dip/