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Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs
Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs wdaniel@businessinsider.com (Will Daniel) © NurPhoto/Getty Images Bitcoin miners are seeing gold despite the cryptocurrency s recent fall. NurPhoto/Getty Images Marathon Patent Group announced the purchase 4,812.66 BTC on Monday. The transaction, handled by NYDIG, was worth $150 million. By the end of the first quarter of 2022, bitcoin miner Marathon expects to own and operate over 100,000 bitcoin miners. . Cryptocurrency miner Marathon Patent Group announced on Monday it purchased $150 million of bitcoin after the cryptocurrency fell from historic highs of over $40,000. Popular Searches The company bought 4,812.66 BTC at an implied average price of $31,167.79 per coin in the transaction, which was enabled by NYDIG, a leading technology, and financial services firm dedicated to bitcoin.
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