Marathon Patent Group Purchases $150M In Bitcoin…
Yet another example of institutional adoption….and after the corporations have bought as much as they can, then the average person finally wakes up and BAM….!!! Mainstream adoption IS coming….
More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin
“Nevada-based crypto mining firm Marathon Patent Group has invested $150 million in Bitcoin as a reserve asset.
Marathon announced today that it has purchased more than 4,812 Bitcoin (BTC) for $150 million through the New York Digital Investment Group — an average price of $31,168 per coin. Chairman and CEO Merrick Okamoto said the move was ‘a better long-term strategy than holding US Dollars,’ comparing the Bitcoin purchase to companies like MicroStrategy, the business intelligence firm that made an initial $425-million crypto investment last year and has since bought more coins.”