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Marathon Digital Buys 25K Bitcoins for a Whopping -$1m

BitcoinCrypto NewsFeatured 6 Sam Rogers August 16, 2024

An illustration of an exhausted runner crossing a finish line with a massive weight on their back and surrounded by coins spilling out from under them as they stumble forward; the background is dark grey. The runner's arms are raised but limp at the same time while their legs drag along in exhaustion, weighed down by the heavy burden. In front of the runner lies an overflowing pile of gold coins with a few scattered on the ground around it and some floating away into the distance as if swept up by wind;

Here we go again! Another crypto bro trying to get rich quick with their precious Bitcoin. This time it’s Marathon Digital buying $249 million worth of BTC because… well, who knows? Maybe they’re just bored and want something shiny to play with. The real question is: what are the chances this investment will end in disaster

Source: cointelegraph

Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC
https://cointelegraph.com/news/marathon-digital-buys-249m-bitcoin-reserves-reach-25000-btc
Bitcoin miner Marathon Digital has purchased another $249 million worth of Bitcoin after raising $300 million from a senior note offering. On Aug. 14, the miner said it used part of the note sale proceeds to buy around 4,144 Bitcoin (BTC) at an average price of roughly $59,500, which brought its “strategic Bitcoin reserve to over 25,000 BTC,” it added on X. Marathon saw net proceeds of around $292.5 million […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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