Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’

October 8, 2025

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

October 8, 2025

Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?

October 8, 2025
Facebook X (Twitter) Instagram
Wednesday, October 8 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

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

December 20, 2024Updated:December 20, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Marathon and Hut 8 scoop up .6 billion worth of Bitcoin during market dip
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Bitcoin mining giants Marathon Digital Holdings and Hut 8 have capitalized on Bitcoin’s current correction by making multi-billion-dollar investments within the flagship cryptocurrency.

On Dec. 19, the businesses introduced purchases totaling over 16,000 BTC for $1.6 billion, equal to 37 days of Bitcoin issuance.

Marathon led the way in which by buying 15,574 BTC at a mean worth of $98,529 per coin, investing roughly $1.53 billion. This addition elevated the corporate’s Bitcoin holdings to 44,394 BTC, value $4.45 billion on the present spot worth of $100,151.

Marathon is the second-largest publicly traded Bitcoin holder, behind solely MicroStrategy, which holds 439,000 BTC.

In the meantime, Hut 8 acquired 990 BTC for $100 million, paying a mean of $101,710 per Bitcoin. This transaction raised Hut 8’s whole Bitcoin reserves to 10,096 BTC. The corporate now holds extra Bitcoin than Tesla and is the fourth public firm to carry greater than 10,000 Bitcoin on its stability sheet.

Marathon and Hut 8 scoop up .6 billion worth of Bitcoin during market dip
High Bitcoin Holding Firms (Supply: Hodl15Capital)

These investments got here on the heels of a pointy market decline spurred by a US Federal Reserve price adjustment. Bitcoin’s worth dropped by greater than 5%, hitting a low of $96,781 earlier than recovering to $98,750, in accordance with CryptoSlate’s information.

Disclaimer: Our writers’ opinions are solely their very own and don’t mirror the opinion of CryptoSlate. Not one of the info you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought of a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability do you have to lose cash buying and selling cryptocurrencies.



Source link

ad
billion Bitcoin Dip Hut Marathon Market Scoop worth
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’

October 8, 2025

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

October 8, 2025

Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?

October 8, 2025

Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance

October 8, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Buying Homes With Bitcoin? $6-B Firm Says It’s Making That A ‘Priority’
October 8, 2025
Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown
October 8, 2025
Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?
October 8, 2025
Singapore Authorities Say Token2049 Organizer Not Covered by Russia Sanctions After A7A5 Appearance
October 8, 2025
Why Ripple Won’t Be Just A Regular Bank – The Fed Master Account Application Is A Game-Changer
October 8, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.