Marathon is a crypto mining firm based in North america.Yesterday, the company announced that it has purchased 4812.66 BTC in a price of around $150 million. Marathon worked with NYDIG's a leading firm dedicated to Bitcoin to carry out the purchase effectively.
According to Merrick Okamoto, Marathon’s chairman & CEO: "By purchasing $150 million worth of Bitcoin, we have accelerated the process of building Marathon into what we believe to be the de facto investment choice for individuals and institutions who are seeking exposure to this new asset class. We also believe that holding part of our Treasury reserves in Bitcoin will be a better long-term strategy than holding US Dollars, similar to other forward-thinking companies like MicroStrategy."
Robby Gutmann CEO of NYDIG said, "We deeply admire Marathon’s commitment to the Bitcoin ecosystem, and we are very pleased to add them to the list of companies who utilize NYDIG as the institutional choice for Corporate Treasury Solutions."