January 27, 2021 Nasdaq-listed mining company buys $150M in Bitcoin

Marathon Patent Group (MARA), a cryptocurrency mining company, purchased $150 million in Bitcoin at around $31,100. CEO of Maraton, Merrick Okamoto, said in a statement that this move will transform his company into a “pure-play Bitcoin investment option” for Wall Street traders. 

With 4,812.66 BTC, it is the latest publicly traded company to swap cash for bitcoin on its books. In recent months, Ruffer Investments purchased $745 million worth of Bitcoin, followed in scale by MicroStrategy, which bought $425 million in Bitcoin.

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