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Bitcoin Miners MARA and Hut 8 Boost Their BTC Treasuries With Big Buys

A pair of the largest publicly traded Bitcoin mining firms—MARA and Hut 8—added to their treasury reserves with $500M in collective buys.

Bitcoin mining companies MARA (formerly Marathon Digital) and Hut 8 announced substantial Bitcoin purchases on Thursday as more and more firms look to stockpile the leading cryptocurrency within their treasuries.

MARA expanded upon a previously announced Bitcoin purchase from last week, boosting the tally to 15,574 Bitcoin at a total price of about $1.53 billion. Last week, the first disclosed the first tranche of the purchase, buying 11,774 BTC for $1.1 billion. Thursday's announcement points to the firm adding another 3,800 BTC at a price around $400 million.

Bitcoin Miners MARA and Hut 8 Boost Their BTC Treasuries With Big Buys

A pair of the largest publicly traded Bitcoin mining firms—MARA and Hut 8—added to their treasury reserves with $500M in collective buys.

Bitcoin mining companies MARA (formerly Marathon Digital) and Hut 8 announced substantial Bitcoin purchases on Thursday as more and more firms look to stockpile the leading cryptocurrency within their treasuries.

MARA expanded upon a previously announced Bitcoin purchase from last week, boosting the tally to 15,574 Bitcoin at a total price of about $1.53 billion. Last week, the first disclosed the first tranche of the purchase, buying 11,774 BTC for $1.1 billion. Thursday's announcement points to the firm adding another 3,800 BTC at a price around $400 million.
https://decrypt.co/297939/bitcoin-miners-mara-hut8-boost-treasuries