Marathon Digital May Start to Sell Some of Its Bitcoins

The miner said any sale would not be imminent, but that it might need about a half-billion dollars in investments to reach its growth objectives this year.

Marathon Digital (MARA), one of the largest publicly traded bitcoin miners and “hodlers” of the coins it mines, said that it may consider selling some of the bitcoins it holds, but won’t likely do it in the near-term.

“We may purchase or sell bitcoin in future periods as needed for treasury management or general corporate purposes,” Marathon CFO Hugh Gallagher said during an earnings conference call, although he added that any sale is not imminent.

“I’ll say we don’t really have an intention to do that [sell bitcoins] in the near-term,” he said, noting that the company is also looking at several other options for financing, including term-loans, revolver loans, equipment financing and an at-the-market equity offering.

Read this article on CoinDesk

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