Marathon Patent Said Bump That...And Buys Bitcoin Straight Out

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    rollandthomas

    Published on Jan 26, 2021
    About :

    Marathon operates as a digital asset technology company that mines cryptocurrencies. It owns cryptocurrency mining machines and a data center to mine digital assets in Quebec, Canada.

    Marathon estimates that once all 23,560 of its miners are deployed in Q2 2021, producing 15-20 bitcoin/day based on ~$16,000 bitcoin price, the company will generate $8.8M in revenue per month and $6.7M in gross profit per month.

    But yesterday, they did something I wasn't expecting...they bought over 4800 bitcoin for their treasury reserves. My $60 price target is looking real conservative at this point.

    https://leofinance.io/@rollandthomas/my-4th-ever-call-synthetic-long-option-marathon-patent

    https://leofinance.io/@rollandthomas/got-to-love-the-greeks-marathon-patent

    https://www.theblockcrypto.com/post/92378/nasdaq-marathon-patent-group-buys-bitcoin-btc-treasury-reserves

    https://bitcointreasuries.org/

    Tags :

    leofinance stocks bitcoin neoxian

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