Crypto Miner Marathon Digital Made First Bitcoin Sales as Token Soared in January
- Sale is notable as Marathon is a long-time Bitcoin holder
- Most miners have resorted to token sales to aid finances
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Long-time Bitcoin holder Marathon Digital Holdings Inc. last month sold the token for the first time as its price soared, a step the crypto miner said would help fund operating costs.
The firm disposed of 1,500 coins in January and said in a statement that it would continue to sell some of its Bitcoin holdings this year. The largest cryptocurrency jumped nearly 39% last month, the most since October 2021.