Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 650 bitcoins out of 683 bitcoins it mined in February.
The company said it sold the bitcoins to help pay for operating expenses and for general corporate purposes, according to a statement. Marathon sold 1,500 bitcoin in January, which marked the first time it had unloaded any of its holdings.
Even with the February sales, said company Chairman and CEO Fred Thiel, Marathon increased its unrestricted bitcoin holdings from 8,090 bitcoin as of January 31, 2023, to 8,260 bitcoin, valued at $191.2 million as of February 28, 2023.
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