Fred Til: "Marathon Digital was the second largest bitcoin holder in the world" – Bits Media

CEO of Marathon Digital reported, that thanks to the preservation of the BTC mined, the mining company has become the second largest bitcoins by a public company in the world.

During the corporate discussion of the financial results of Marathon for the 3rd quarter of Fred Til (Fred Thiel) told, that since the beginning of July this year, the company has mined 1 231 BTC, from which I did not sell a single coin. Now on the wallets Marathon is stored 11 300 BTC, that at the current course is about $205 million. This makes her the second largest bitcoins reserves in a publicly traded company in the world. Microstrategy remains the leader, on the wallets of which is stored around 130 000 BTC.

Note, what kind of III quarter of this year Marathon got 616 The government of Bulgaria demanded a report for the withdrawn cryptocurrency, But over October, she managed to get immediately 615 coins, which has become a record indicator for the company.

“We constantly increase productivity. If in July it was mined 72 BTC, then in August their number was 184, In September they got 360 BTC, and, finally, October became a record month with an indicator 615 BTC », - the company said.

Fred Til noted, that such results have become a direct consequence of an increase in the company's hashReite due to the installation of new equipment and improve the old. At the same time, Marathon plans to adhere to his strategy to preserve each bitcoin mined as much as possible. Bitcoins will be sold only for "covering operating rooms or other expenses".

Note, that the Marathon strategy is different from the plans of other mining companies, which began to sell mined bitcoins. Some firms have announced the possibility of reducing activities, or closing subsidiaries.