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marathon digital lends bitcoin reserves to generate yield amid market challenges

Marathon Digital is lending 7,377 BTC, or 16% of its reserves, to generate a modest yield, amidst rising interest in its lending program following the collapse of major lenders like BlockFi and Celsius. The company reported $3.9 million in interest income for Q3 2024, driven by its Bitcoin loans and cash holdings. Additionally, Marathon is diversifying into AI and computational technologies to address mining challenges and support long-term growth.

top crypto stocks to watch for significant gains in 2025

The crypto market rally is driving interest in stocks like MicroStrategy, Coinbase, Robinhood, Nvidia, and Marathon Digital, each offering unique investment avenues in the digital asset space. MicroStrategy's significant Bitcoin purchases and Nvidia's dominance in semiconductor demand position them favorably, while Coinbase and Robinhood navigate regulatory challenges to expand their offerings. Marathon Digital exemplifies effective Bitcoin mining strategies, reflecting a broader trend of institutional interest in cryptocurrencies.

Bitwise launches Bitcoin Standard Corporations ETF targeting firms with significant BTC holdings

Bitwise has proposed the Bitcoin Standard Corporations ETF, targeting publicly traded companies that hold at least 1,000 BTC in their treasuries. The fund will weigh holdings based on the market value of Bitcoin assets, with a maximum of 25% per company, and will update its index quarterly. This initiative reflects a growing trend of corporate adoption of Bitcoin, with firms like MicroStrategy and KULR Technology Group leading the way.

top institutional bitcoin holders revealed by michael saylor in latest list

Michael Saylor has released a list of the top 60 institutional Bitcoin holders, with MicroStrategy leading at 444,262 BTC, followed by Marathon Digital with 44,394 BTC. Notable entries include Tesla with 9,720 BTC and Coinbase with 9,480 BTC, collectively holding 591,368 BTC valued at over $54 billion. Recently, MicroStrategy announced a $561 million Bitcoin purchase and reported a 0.72% yield, benefiting shareholders with a "Bitcoin gift" of 3,177 BTC worth approximately $299 million.

kulr technology invests 21 million in bitcoin boosting stock by 30 percent

KULR Technology Group has made a significant entry into the Bitcoin market with a $21 million purchase of 217.18 BTC, averaging $96,556 per Bitcoin, as part of its new treasury strategy. Following this announcement, the company's stock surged by 30%, reaching $4.55. This move aligns KULR with a growing trend of companies integrating Bitcoin into their balance sheets, similar to strategies employed by firms like MicroStrategy.

corporate strategies shift as companies embrace bitcoin as treasury asset

MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, increasing holdings to 439,000 BTC, despite criticism labeling the business model a "giant scam." Other companies like Marathon Digital and Genius Group are adopting similar strategies, while Microsoft remains skeptical. Shareholder proposals at Amazon push for Bitcoin's inclusion to combat inflation and enhance value.

Chinese auto dealer invests 256 million dollars in Bitcoin mining expansion

Cango Inc., a Shanghai-based car dealership, has invested $256 million in Bitcoin mining, acquiring 32 EH/s from Bitmain Technologies. The company extracted 363 BTC in November, positioning itself as the fifth-largest public Bitcoin miner globally, with plans to expand its hashrate to 50 EH/s by 2025. Despite China's mining ban, Cango's venture is thriving, significantly boosting its revenue and market cap.

Marathon Digital heats 80000 Finnish homes using Bitcoin mining excess heat

Marathon Digital is transforming Bitcoin mining by repurposing excess heat to warm approximately 80,000 homes in Finland, significantly aiding the country's energy efficiency goals. This initiative, which began with a pilot project heating 11,000 homes, utilizes district heating technology to channel warm water through underground pipelines. The company's commitment to sustainability is further demonstrated by its recent acquisition of a wind farm in Texas, aimed at enhancing its renewable energy portfolio.

Tether invests 775 million in Rumble to enhance decentralized media platform

Tether has announced a $775 million investment in Rumble, a video streaming platform that promotes free speech and positions itself as a YouTube alternative. The deal includes an initial cash investment of $250 million and will grant Tether 103.3 million shares at $7.50 each, expected to close in early 2025. Rumble plans to create a Bitcoin reserve, aiming to purchase up to $20 million in Bitcoin, reflecting its belief in the cryptocurrency's potential as a hedge against inflation.

Hut 8 Bitcoin Holdings Surpass One Billion Dollars After Major Acquisition

Hut 8 has bolstered its Bitcoin holdings to over $1 billion following a $100 million acquisition of approximately 990 BTC, bringing its total reserves to over 10,096 BTC. This strategic move positions Hut 8 among the top 10 corporate Bitcoin holders globally, as the company aims to enhance its financial position and shareholder returns through effective treasury management.
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